what is per capita income how is it measured can it be regarded as the sole indicator of economic development of a country
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Explanation:
percapitaincome 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
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It is an average amount of the total income which means it can't show the actual income status of a country. Only Per Capita Income can not indicate the development of a country alone. It needs other criterion to judge the economic development like literacy rate .
It is calculated by dividing the area's total income by its total population.
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