Economy, asked by ayush693025, 6 months ago

What is Per Capita Income? Can Per-Capita

Income be considered real income of a

citizen?​

Answers

Answered by gokul875
18

Answer:

Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.

Answered by vishnumurthyR
0

Answer:

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. Per capita income is often used as average income, a measure of the wealth of the population of a nation, particularly in comparison to other nations.

Explanation:

Similar questions