what is per capita income?
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Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size.
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Answer: Per capital income ( PCI ) or average income
Per capital income is a measure of amount of money earned per person in a nation or geographic region. Per capital income for a nation is calculated by dividing the country's national income by its population.
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