Question

what is per capita income

Answer 1

the total income of the country is divided by its total population. The average income is also called per capita income.......#I hope this answer will be helpful to u...

Answer 2

Per capita income or common income estimates the average wages received per person in a given field in a particularized year. It is estimated by distributing the area's total revenue by its total inhabitants.  Per capita income is often used to estimate a country's pattern of living. It is ordinarily represented in terms of a generally used worldwide currency such as the euro or United States dollar, and is valuable because it is generally known, is easily predictable from the readily accessible gross domestic product (GDP) and community estimations, and provides a useful statistic for measurement of property between sovereign territories. This helps to determine a country's improvement situation. It is one of the three criteria for determining the Human Development Index of a nation.