#1
26th September 2014, 09:18 AM
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Meaning Of Per Capita Income
What do you mean by the Per Capita Income ? Please provide the details .
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#2
26th September 2014, 11:09 AM
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Re: Meaning Of Per Capita Income
Per capita income formerly known as income per person Per capita income is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total number of population. Per capita income is used as average income, a measure of the wealth of the population of a nation, particularly in comparison to other nations. This helps the country to know their development status. Per Capita Income Details |