What is mean by per capital income?

Answer 1

Per capita income means how much each individual receives, in monetary terms. It is the measure of the amount of money that each person earns in the country, of the yearly income generated in the country. This is what each citizen is to receive if the yearly national income is divided equally among everyone. Per capita income is usually reported in units of currency per year. When comparing nations per capita income reflects gross national product per person, but it is also used to compare municipalities within nations. When determining the per capita income of a community, the total personal income is divided by the population.

Answer 2

Per capita, not per capital, income is per head total income of the individual for a given year .

Answer 3

Per capita income literally means the total income of a country divided by the number of inhabitants it has, representating, on average, how much income each person has.

Answer 4

Actually am... its part of macro economics.