What is Per Capita Income? Can Per-Capita
Income be considered real income of a
citizen?
Answers
Answered by
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
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:
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