Question

Write formula of per capita income.

Answer 1

Answer:

Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) ... It is calculated by dividing the area's total income by its total population.

per capita income=area total income / it's total population

Answer 2

Explanation:

PER CAPITA INCOME OF A COUNTRY OR A NATION IS DEFINED AS THE TOTAL INCOME OF ALL THE PEOPLE LIVING IN THE COUNTRY DIVIDED BY ITS POPULATION.

SO, PER CAPITA INCOME

= TOTAL INCOME OF ALL THE PEOPLE OF THE COUNTRY / TOTAL POPULATION OF THE COUNTRY

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