WHAT IS PERCAPITA INCOME?
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Per capita income is also known as average income . It is the total income divided by its nation's population .
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Explanation:
The Calculation of Per capita income is done on the basis of the per person earning in the state, country, region, or specific area, on an average basis. You need to have the population of the particular area, people earning and the income earned by the people altogether. In order to make sure, that you can apply the perfect formulae and get the exact per capita income as required.
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