What is per capita income?
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Posted by Anushka Sharma 5 years, 2 months ago
- 2 answers
Yogita Ingle 5 years, 2 months ago
Per capita income is the measurement of money earned per person in a certain zone. In layman terms, we can say that “Per Capita income is the Income supposedly earned by a single person in a country.” It is calculated by dividing country's national income by its population. It should not be misunderstood by average income (because it includes non-employed and kids population), rather it serves as a pointer to a country's living standards. It can be applied to the average per-person income of a village, city, state or country. It can be used as a means of gauging the living circumstances and quality of life of citizens.
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Kanishka Shilla 5 years, 2 months ago
0Thank You