Question

What is per capita income explain.

Answer 1

Dear student,

• Per capita income is the average income of the people of a country. It is a measure of the amount of money earned per person in a nation or geographic region.
• Per capita income for a nation is calculated by dividing the country's national income by it's population. In other words it is calculated by dividing the total income of a country by it's total population.

Regards.