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No Comments What is the meaning of “per capita income”?
ASK! about Business & Finance
“Per capita income is often used as a measure of the wealth of the population of a nation, particularly in comparison to other nations. It is usually expressed in terms of a commonly-used international currency such as the Euro or United States dollar, and is useful because it is widely known and produces a straightforward statistic for comparison.”
Source: Per Capita Income, last accessed 24 August 2006
“The total national income divided by the number of people in the nation”.
Source: Per Capita Income , last accessed 24 August 2006
Answered by Kweh Soon Huat, Librarian, Adult & Young People’s Services
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