What's per capita mean? (e.g. GDP per capita)

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19-05-2014
Business

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What's per capita mean? (e.g. GDP per capita)

Sagot :

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soniaagarwal09 soniaagarwal09 · Answer 1 · 2014-05-19T13:23:07-04:00

Per Capita Income is referred to as the income earned by each person in any economic community. It is the average income earned per person in that economy. For eg. Per capita GDP income of a country may be calculated by summarizing the market value of all the gross products and services produced in a country divided by the total population of that country, country being the economic unit concerned.

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