per capita income
| Noun | 1. | per capita income - the total national income divided by the number of people in the nation |
| 单词 | per capita income | |||
| 释义 | per capita income
per capita incomeper capita incomethe income per head of the population of a country. This is a usual way of distinguishing between the relative WEALTH of countries, although there exist many problems in using it. Not least of the problems is the continued existence of ‘subsistence’ economic activity and a widespread INFORMAL ECONOMY in many societies. This means that much economic activity goes unrecorded. A further difficulty is that exchange rates (the basis of per capita calculations of differences in income) between different currencies often fail to reflect internal differences in the purchasing power of different currencies. Thus, while useful in establishing broad differences between nations, the notion of per capital income should be used with caution in making more detailed comparisons.per capita incomePer Capita Incomeper capita incomeorincome per headthe GROSS NATIONAL PRODUCT (national income) of a country divided by the size of its POPULATION. This gives the average income per head of population if it were all shared out equally. In 2003, the UK had a per capita level of $24,230, Japan $33,990, and the USA $34,870. Most developing countries, by contrast, had a per capita income level of under $1,000. See DISTRIBUTION OF INCOME.per capita incomesee INCOME PER HEAD.See PCI per capita income
Words related to per capita income
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