WHAT IS REAL PER CAPITA INCOME
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HEY MATE,
HERE'S YOUR ANSWER.
=> Real GDP per capita is a measurement of the total economic output of a country divided by the number of people and adjusted for inflation. The first concept is “gross domestic product.” That measures everything that a country produces in a year.
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Per capita income (PCI) or Average income measure the Average income earned per person in a given area (city, country and region etc..) in a specified area .
It is calculating by dividing the areas total income by it's total population.....
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