What is per capita income ? What it is also called ?
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Per capita income is a measure of the amount of money earned per person in a nation or geographic region. ... Per capita income for a nation is calculated by dividing the country's national income by its population.
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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.
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