Is it possible to have a high per capita income in a country where many people are poor ?how? explain

Social Studies

2 answers:

antiseptic1488 [7]3 years ago

5 0

Answer:

Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is often used to measure a country's standard of living. 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, is easily calculable from readily available gross domestic product (GDP) and population estimates, and produces a useful statistic for comparison of wealth between sovereign territories. This helps to ascertain a country's development status. It is one of the three measures for calculating the Human Development Index of a country. Per capita income is also called average income.

gulaghasi [49]3 years ago

4 0

Like África is a poor country or Romania because they don’t have much nice places to look at and the houses are old and broken and there’s a higher population of poor people.

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