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What is per capital income |
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Answer» Per capita income is the average income of a country.it is total national income/ total population.it is used as a measure to check the development of a country. 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.It\'s also known as medium income. Per capita income indicates the income of all the citizens of the country. When we divide the national income of the country by its total population we get the per capita income or average income. |
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