Is GDP per capita the same as average income of people in a country?

Answer 1

Technically not, as it has been more or less said, GDP is the total added value generated in a country (thus calculated from the firms point of view), divided by the population to make it per capita, when the income comes from production factors remuneration, and is calculated from the individuals or households' point of view.

But they could be the same in a simple economic model, only that part of the income isn't consumed, and part of the consumption is for imports, so they're not.

Answer 2

No, GDP is a measurement of the value of all that is produced and all the work that is done. Income is what the workers are paid. For instance a nation that relied entirely on slave labor would have a low average income because all the slaves make $0, but it would have a very high GDP as the laborers would make products.

Answer 3

No..The GDP takes in the countries economy..Average income is just what the people make