Question

What is the advantage of per capita income? Mention any one.​

Answer 1

Answer:

Per Capita Income helps to compare and analyse wealth of different population and different regions. It is used as a measure of a nation's standard of living and to ascertain its development.

Explanation:

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Answer 2

The GDP per capita income :

1. Translating to "by the head". The term is commonly used in statistics, economics and business to report an average per person.
2. Shows you how your country, state or city affects its residents.
3. When calculating, per capita divides a statistical measurement for an organization by its population.
4. GDP per capita is a country's economic output of an person ( measured by annually or monthly ).
5. According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 145th by GDP (nominal) and 122th by GDP (PPP).