What is per capita income and how it is calculated
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Answered by
9
hii..
Per Capita Income is the average income earned per person in an economy during an accounting period. It is estimated by the following formula.:-
per capita income : national income ÷ total population.
per capita income and average income are same.
hope this helps u
Per Capita Income is the average income earned per person in an economy during an accounting period. It is estimated by the following formula.:-
per capita income : national income ÷ total population.
per capita income and average income are same.
hope this helps u
Answered by
4
Percapita income or output of a person is an indicator of living standard of people of a country.It is calculated by dividing national income by population of a country.Hope it would be useful for u...
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