GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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PCI means
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Per capita income
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Per capital income
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Per capita income
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Per counted income
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Explanation:
Detailed explanation-1: -Per capita income is a measure of the amount of money earned per person in a nation or geographic region.
Detailed explanation-2: -Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area’s total income by its total population.
Detailed explanation-3: -Conclusion. Both GDP and GDP per capita are two important economic measures. The main difference between GDP and GDP per capita is that GDP is the total value of goods and services a country produces annually whereas GDP per capita is a measure of the country’s economic output per person.
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