per capita incomes

Examples of per capita incomes in the following topics:

• GDP per capita

  • Gross domestic product (GDP) per capita is the mean income of people in an economic unit.
  • Gross domestic product (GDP) per capita is also known as income per person.
  • Per capita income is often used to measure a country's standard of living.
  • However, critics contend that per capita income has several weaknesses as a measure of prosperity, including:
  • However, GDP per capita is not an indicator of income distribution in a given country.

• The economic environment

  • They have high literacy, modem technology, and higher per capita incomes.
  • Many Latin American nations fit into this category, and they exhibit rising levels of education, technology, and per capita incomes,
  • Usually, the most significant marketing opportunities exist among the industrialized nations, as they have high levels of income, one of the necessary ingredients for the formation of markets.

• Growth in the United States

  • To determine economic growth, the GDP is compared to the population, also know as the per capita income.
  • When the per capita income increases it is called intensive growth .
  • The per capita income was limited.
  • This graph shows the GDP per capita in the United States from 1929 to 2010.
  • The GDP per capita is the ratio of the GDP to the population.

• Industrialized Countries

  • Most commonly, the criteria used to evaluate a country's level of development is its gross domestic product (GDP) per capita.
  • Factors used to measure a country's development can include: per capita income, level of industrialization, extent of infrastructure, life expectancy, literacy rate, and general standard of living.
  • Developed countries, which include such nations as the United States, France, and Japan, have higher GDPs, per-capita incomes, levels of industrialization, breadth of infrastructure, and general standards of living than less developed nations.
  • Often, national income or gross domestic product (GDP) are used alone to measure how prosperous a nation's economy is.
  • HDI considers these factors, but also accounts for how income is invested in healthcare, education, and other infrastructure.

• Personal Income

  • In the United States the most widely cited personal income statistics are the Bureau of Economic Analysis's (BEA) personal income and the Census Bureau's per capita money income.
  • BEA publishes disposable personal income, which measures the income available to households after paying federal and state and local government income taxes.
  • Personal income and disposable personal income are provided both as aggregate and as per capita statistics.
  • The Census Bureau also produces alternative estimates of income and poverty based on broadened definitions of income that include many of these income components that are not included in money income.
  • The Census Bureau releases estimates of household money income as medians, percent distributions by income categories, and on a per capita basis.

• Least Industrialized Countries

  • The world's least industrialized countries have low income, few human resources, and are economically vulnerable.
  • HDI considers a country's per capita gross domestic product (GDP), per capita income, rate of literacy, life expectancy, basic infrastructure, and other factors affecting standard of living to determine how developed a country is.
  • Low income (a three-year average gross national income of less that $905 USD per capita)
  • This map shows countries' gross domestic products (GDP) per capita.

• Income

  • Census Bureau data on household incomes is used to inform welfare policy, as benefits are distributed based on expectations about what income is needed to access basic resources like food and healthcare.
  • Salary alone only measures the income from a person's occupation, while total personal income accounts for investments, inheritance, real estate gains, and other sources of wealth.
  • However, in a dual-income household the combined income of both earners, even if they hold relatively low status jobs, can put the household in the upper middle class income bracket.
  • In the United States, the most widely cited personal income statistics are the Bureau of Economic Analysis's personal income and the Census Bureau's per capita money income.
  • The Census Bureau also produces alternative estimates of income and poverty based on broadened definitions of income that include many components that are not included in money income.

• Gross Domestic Product

  • GDP per capita is often considered an indicator of a country's standard of living.
  • Under economic theory, GDP per capita exactly equals the gross domestic income (GDI) per capita.
  • The income approach works on the principle that the incomes of the productive factors must be equal to the value of their products.
  • These five income components sum to net domestic income at factor cost.
  • GDP per capita 2011 for the world economy; with the darkest reds being the highest, and the ligher yellows to white being the lowest.

• Mapping data (special topic)

  • Figures 1.30 and 1.31 shows intensity maps for federal spending per capita (fed spend), poverty rate in percent (poverty), homeownership rate in percent (homeownership), and median household income (med income).
  • If we did not cap the federal spending range at $18 per capita, we would actually find that some counties have extremely high federal spending while there is almost no federal spending in the neighboring counties.
  • What interesting features are evident in the med income intensity map?
  • (b) Inten- sity map of median household income ($1000s).
  • (a) Map of federal spending (dollars per capita).

• Economic measures

  • GDP and GDP per capita are widely used indicators of a country's wealth.
  • The map below shows GDP per capita of countries around the world:
  • A Gini coefficient of zero expresses perfect equality, where all values are the same (for example, where everyone has the same income).
  • A Gini coefficient of one (or 100%) expresses maximal inequality among values (for example where only one person has all the income).
  • The Gini coefficient was originally proposed as a measure of inequality of income or wealth.