ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Per capita income is also called as average income/mean income or income per person in the economy. It is calculated by dividing national income of the country by its total population. The national income can be calculated using various measures like GDP, GNP, NNP, NDP. Was this answer helpful?

Detailed explanation-2: -Per Capita Income is a metric used to determine the amount of money earned per individual in a nation or geographical area. You’ll get PCI of a specific geographical location by dividing a population’s total income by that area’s population.

Detailed explanation-3: -Gross national product (GNP) per capita is the dollar value of a country’s final output of goods and services in a year, divided by its population.

Detailed explanation-4: -GDP per capita is gross domestic product divided by midyear population. GDP at purchaser’s prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

Detailed explanation-5: -Per Capita Income Was this answer helpful?