What is per Capita Income?

1.	What is per Capita Income?
Answer» Answer: Per capita income or AVERAGE income measures the average income earned per person in a given AREA 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.

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Answer:

Per capita income or AVERAGE income measures the average income earned per person in a given AREA 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.

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What is per Capita Income?