Question

what is per capita income

Answer 1

Per Capita Income : when the total National Income is divided by the total Population, it is called the per capita income.

                Per Capita Income = National Income / Population.

Per capita income, also known as Income per person, is the Mean Income of the people in an Economic Unit such as a Country or City.Per Capita Income is often used as Average Income, a measure of the Wealth of the Population of a nation, particularly in comparison to other nations.

Answer 2

Answer:

Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.