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Per Capita

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Per Capita

A Latin term that translates into "by head," basically meaning "average per person."

Notes:

Often the term is used to express a country or region's income level. For example, consider a fictional region that has a collective income of $1 000 000 and 20 residents. The per capita income, or average income per person, is $50 000.

See also: Economics, Income, Mean, Standard Deviation

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