Per capita income or average income or income per person is the mean income within an economic aggregate, such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population. It does not attempt to reflect the distribution of income or wealth.
Read more about Per Capita Income: Per Capita Income As A Measure of Prosperity
Famous quotes containing the word income:
“Strictly speaking, every citizen above a certain level of income is guilty of some offense.”
—Max Frisch (1911–1991)