Economy, asked by ameerakhan2768, 1 year ago

what is per capita income? explain the reason for using it as an index of economic development

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Answered by Anonymous

16

PER capita income or average income measure the average income earned per person 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. If the per capita income of a country is high then the country is devolped . As for . America , japan etc.

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