What is per capita income ?
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Explanation:
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population.
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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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