Question

What is per capita income and how is it calculated?
(60-80 words)

Answer 1

Explanation:

Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. ... It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

Answer 2

Answer:

the per capita income is per person income means per person in the family

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