Answered

IDNLearn.com provides a collaborative platform for sharing and gaining knowledge. Discover prompt and accurate responses from our experts, ensuring you get the information you need quickly.

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

Sagot :

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.
Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. For clear and precise answers, choose IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.