Social Sciences, asked by anjalisah768, 20 hours ago

Why is per Capita Income expressed in US$​

Answers

Answered by llEmberMoonblissll
8

"" ❤️ Answer ❤️ ""

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.

Answered by llKrIshUll
2
  • It is usually expressed in terms of a commonly used international currency such as the euro or United States dollar, and is useful because it is widely known, is easily calculable from readily available gross domestic product (GDP) and population estimates, and produces a useful statistic for comparison of wealth.

hope it helps! :)

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