Definition
Per capita personal income is the average income earned per person in a region.
Why It Matters
It helps assess income levels and economic well-being.
Example
Average income per resident in a state.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Per capita personal income is the average income earned per person in a region.
It helps assess income levels and economic well-being.
Average income per resident in a state.