What is Per Capita Income (PCI) ?
1
Per Capita Income (PCI) measures the amount of money that would be available per person if the total value of all goods and services produced in the economy were to be divided equally among all citizens.
2
An important point to note is that capital goods (e.g. machines) depreciate in value with time.
3
To adjust for this, depreciation is first subtracted from the GSDP before calculating the PCI.
4
All the above