What is per capita income? What …
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Posted by Suraj Kumar 4 years, 10 months ago
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Yogita Ingle 4 years, 10 months ago
Per capita income 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 generally used as an index for classifying the development of a country but it has the following limitations:
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