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Per capita income is the value of an economy's gross domestic product (GDP), divided by its population. Typically, the value is adjusted for inflation (so that its value may be fairly compared across time) and may be converted into some common denomination (so that its value may be compared between countries that count money in different ways). Per capita income reflects hypothetical differences in the standard of living between two economies (or between two points in time in the same economy). This indicator does not show, though, whether wealth is evenly distributed. A high value for per capita income does not mean that every individual in the economy is doing well.
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