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Total national income divided by total population is known as:
Private income
Personal income
Personal spendable income
Per capita income.
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.
Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is also often used to measure a country's standard of living.
By: Barka Mirza ProfileResourcesReport error
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