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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Hi friend_______,
★ Per Capita Income (PCI) or output per person is an indicator to show the living standard of people in a country.
★ It is obtained by dividing the national income by the population of a country.
I hope it would be helpful to you..
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