write difference between average income and per capita income
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Per capita income (PCI) measures theaverage income earned per person in a given area (city, region, country, etc.) ... It iscalculated by dividing the area's total incomeby its total population. Average income is any statistic that describes how much money an individual, family, or household makes.
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Answer--- ♀
◆ Per capita income (PCI) 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.
◆ Average income is any statistic
that describes how much money an
individual, family, or household
makes.
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