what is meant by percapita income?

Answer 1

per person
per capita means per head
so per capita means by the person
as opposed to by the household for example.

now if there is 4 million dollars of income
but 4 million people that would be one dollar per capita

if there is 4 million dollars of income
and only four people that would be one MILLION dollars per capita

see the difference?

Answer 2

All the goods and services produced in a country every year plus the income coming from abroad is known as national income.When it is divided with the total no. of population it is called per capita income.

Answer 3

The per capita income for a group of people may be defined as their total personal income, divided by the total population. Per capita income is usually reported in units of currency per year.

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.

Particularly when comparing countries with substantially different levels of wealth, however, it has several weaknesses as a measurement.

* Economic activity that does not result in monetary income, such as services provided within the family, or for barter, are usually not counted. The importance of these services will vary widely between different economies, both between countries and among different groups within a country. See: Informal economy

* Per capita income gives no indication of the distribution of that income within the country, so a small wealthy class can increase the measured per-capita income far above that of the majority of the population. See: Income inequality metrics

* Differing currency exchange rates between countries mean that a given amount of money (for example, one US dollar) has differing values in different places. See: Purchasing power

Answer 4

average amount of income a person in a population earns

so if you had 3 people and they make $18/yr, $27/yr, and $15/yr percapita would be $60/3= $20

Answer 5

Per capita income as a measure of wealth
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.

Particularly when comparing countries with substantially different levels of wealth, however, it has several weaknesses as a measurement.

Economic activity that does not result in monetary income, such as services provided within the family, or for barter, are usually not counted. The importance of these services will vary widely between different economies, both between countries and among different groups within a country. See: Informal economy
Per capita income gives no indication of the distribution of that income within the country, so a small wealthy class can increase the measured per-capita income far above that of the majority of the population. See: Income inequality metrics
Differing currency exchange rates between countries mean that a given amount of money (for example, one US dollar) has differing values in different places. See: Purchasing power

[edit] Some national per capita income levels
Data on Per capita income based on a country's total personal income is very difficult to find.

Much more commonly used due to its availability is the Gross domestic product (GDP).

Total personal income is lower than the Gross domestic income.

A list of the top ten countries, and the lowest-ranking country, by GDP per capita (in terms of Purchasing Power Parity, or PPP):

1. Luxembourg 69,800
2. Norway 42,364
3. United States 41,399
4. Ireland 40,610
5. Iceland 35,586
6. Denmark 34,737
7. Canada 34,273
8. Austria 33,615
9. Hong Kong, SAR 33,411
10. Switzerland 32,571
179 Malawi 596

Sources: International Monetary Fund, World Economic Outlook Database, April 2006 [1]

Answer 6

Per Capita = Personal Income (Dollars per Person)

Income per person in a population. Per capita income is often used to measure a country's standard of living.

Answer 7

taking the total income for a group and dividing it by each head (per capita)/person in that group.

Answer 8

the salary or income u got during one year normally or averagely