Question

What is per capita income and give its formula

Answer 1

HEY MATE YOUR ANSWER IS HERE

PER CAPITA INCOME IS THE AVERAGE INCOME OF COUNTRY WHICH MEANS THE TOTAL MONEY EARNED BY PER PERSON OVER NATIONAL INCOME

$per \: capita \: income \: = \frac{national \: income}{total \: population \: }$

THANKS FOR UR QUESTION HOPE IT HELPS

Answer 2

Answer:

=> Per capita income (PCI) measures the average income earned per person in a particular area.. It is an important indicator of measuring the country is developed or developing..

Step-by-step explanation:

Plz follow me fast guys...

$formula = \frac{ total \: income}{total \: popultion} .$