Write the formula to calculate per capita income (Per head income). Also, find out the present PCI of Nepal the USA, Japan and china with the reference of any secondary sources.
Answers
Explanation:
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. Per capita income is national income divided by population size.
PER CAPTIA INCOME=
national income/population size
per capita income of nepal:
GDP per capita in Nepal is expected to reach 870.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nepal GDP per capita is projected to trend around 920.00 USD in 2022, according to our econometric models.
per capita income of usa:
GDP per capita in the United States is expected to reach 56200.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations
per capita income of japan:
GDP per capita in Japan is expected to reach 48200.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan GDP per capita is projected to trend around 49100.00 USD in 2022, according to our econometric models.
per capita income of china:
8840.00 USD
8840.00 USDGDP per capita in China is expected to reach 8840.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations.