What is Per Capita?
- Per Capita means literally per head, and it’s used to denote an average value for a population.
How Do I Remember It?
- Think of per capita as “per person.” It’s like a way of expressing something in terms of each individual in a population, giving an average value for each person.
Real World Example
- For example, per capita GDP is calculated by dividing the total GDP of a country by its population. This gives an average GDP figure that represents the economic output per person in the country.
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By: Ryan Aquino
