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Per capita income is a measure of the average income earned per person in a given area in a specified year. It is calculated by dividing the total income of a geographic area by the total population of that area.

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Per capita income is commonly reffered to as the average income generated per person in a year for a specific country or state. More per capita income means more rich a country is in terms of the standard of living. It can be calculated as total annual income if a country divided by total population.
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Per capita income is derived by dividing the total population in the income of the country and the per capita income is derived.
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Per capita means per person , which means the income per capita is income per person.

This term is usually used in economy to referente to how much each person in a given place earns. This helps nations measure wealth, life quality and other indexes.

The bigger the per capita income is, the better quality of life the nation will be.
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??! Where is the answer? Per capita means income per capita? :D

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Per capita income is the average income or mean income per person in an economic unit such as  a country region or state over a stipulated period. Per capita income is calculated  by summing all the sources of income such as gross national income and dividing it by the total population in an area.

Say for example the total income in Nigeria is 1000naira  and total population is 100, per capita income would be - 1000÷100=10

Per capita income =10naira 
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Per capita income is the avarage income earned by people in a particular area, city, town region or country within a certain pereod of time for instance one month, one year and so on. It is calculated by taking the total income of the people in a certain geographical area  dividing by the entire population of the people in that particular place.
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Per capita income is the average income per person in a country. What determines the per capita income is the Gross domestic product of a country which is the monetary value of finished goods and services divided by the population of a country. A country can have a high GDP but with a high population and by the time it is divided the per capita is low. 
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Per capita income is income is directly charged to a person's income. It is the means through which the per capita income in any country is ascertained. The effort to stay away form it and the personal economic condition of the people can be gauged.
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Per capita income is the total annual income a country made divided by it's total population of the country, it helps in determining how rich or poor the country is.
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Per capita income is a measure of the average income earned per person in a given area in a specified year. It is calculated by dividing the total income of a geographic area by its total population.
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Per capita income is the average income earned per person in a particular region or country. It is calculated by dividing the total income of a population by the number of people in that population. It is often used as an indicator of the standard of living in a particular area.
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Per capita income is a measure used to determine the amount of money earned per person in a nation or geographical region of a certain country.
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The meaning of per capita income is a measure of how much money is available for every one per cent of the population that has it.
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The per capita income of a geographical location (say, a country, state, city, or others) measures the amount of money earned by every person in that area. It determines the average income of a person in a country, a state, or a specific region.
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The per capita income of a geographical location (say, a country, state, city, or others) measures the amount of money earned by every person in that area. It determines the average income of a person in a country, a state, or a specific
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Per capita income, often referred to as income per capita, is a statistical measure that represents the average income earned by each individual in a specific area, such as a country, region, or city. It is calculated by taking the total income of a given area and dividing it by the total population of that area. The result is an indicator of the average income earned by the residents of that area.

Per capita income is typically expressed in terms of a specific time frame, such as per year, and is often measured in a specific currency, such as dollars or euros. It is an essential economic and social indicator used to assess the standard of living and economic well-being of a population.

Here's the formula for calculating per capita income:

Per Capita Income = Total Income of the Area / Total Population of the Area

Per capita income is valuable for several reasons:

1. **Standard of Living**: It provides insights into the average income level of the population and is used to gauge the standard of living in a particular area. Higher per capita income generally indicates a higher standard of living.

2. **Economic Development**: It is a key indicator for assessing the level of economic development or prosperity within a region or country. Economists and policymakers often use it to compare the economic well-being of different regions or nations.

3. **Poverty and Inequality**: Per capita income is used to identify disparities in income distribution. It can highlight income inequality and the proportion of the population living below the poverty line.

4. **Policy Decision-Making**: Governments use per capita income data to make informed decisions about economic policies, social programs, and resource allocation.

5. **International Comparisons**: Per capita income is valuable for comparing the economic status of different countries or regions, aiding in international rankings and assessments.

While per capita income is a useful metric, it does have limitations. It does not provide a complete picture of the distribution of income within a population, and it may not capture the disparities between different income groups or regions. Additionally, it doesn't consider other factors that affect well-being, such as the cost of living or access to essential services.

For a more comprehensive understanding of economic well-being and social conditions, other measures and indicators, including the Human Development Index (HDI) and Gross Domestic Product (GDP) per capita, are often used in conjunction with per capita income.
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Per capita pay, otherwise called pay per capita, is a proportion of the typical pay procured by every person in a particular topographical region, like a nation, district, or city. It is regularly determined by separating the all out pay of a populace by the quantity of individuals in that populace. The recipe for working out per capita pay is: Per Capita Pay = Complete Pay of the Area/Absolute Populace of the Area Per capita pay is communicated as a financial worth (e.g., dollars, euros, or some other money) and is many times utilized as a mark of the monetary prosperity and way of life of the populace around there. It gives bits of knowledge into the typical pay accessible to every individual, which can be utilized to evaluate the general success or financial circumstances inside a locale. Financial specialists and policymakers habitually utilize per capita pay as a reason for looking at the monetary turn of events and expectations for everyday comforts of various nations or districts. It helps in understanding pay dissemination, neediness levels, and abberations in abundance among the populace. Higher per capita pay by and large recommends a better quality of living, better admittance to labor and products, and worked on personal satisfaction.
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