Income for an area or country it totaled up and divided by the total population of the area to give us the Income Per Capita statistic.
Per capita is Latin for “by head,” and income per capita takes every man, woman, and child into account. Income per capita is a statistic that divides the total amount of income reported in an area by the total population of the area. This shows us how much income, as a resource, is available on average to each person in the area.
It is used to compare the standard of living in various areas or countries. Some states, for instance, have a much lower per capita income than other states, and these states might receive more federal aid and nonprofit grants than the other states for education and infrastructure. Since schools tend to be funded with taxes based on income amount, this would seem to be a somewhat fair and humanitarian thing to do.
Done on a national scale, one can use Gross National Income (GNI) per capita. Economists might also look at GDP per capita, which would alternatively be the amount produced by each person, in theory.
It requires a great deal of due diligence, but investors should understand that past performance is not indicative of...
Capital appreciation is an increase in the value of an owned stock. Capital appreciation occurs when the market price...
As of 2016, you may contribute up to $53,000 annually to your Self-Employed 401(k), plus a $6,000 catch-up contribution
A Foreign Exchange (FX) Swap is a short-term arrangement where a company or institution swaps domestic currency for another
A statement of cash flows is an accounting report which describes the changes in cash flows, which is distinct from N.I.
Fully Diluted Shares are used to show how much the existing shares of common stock could potentially be diluted
Like a currency or interest rate swap, a commodity swap is a contractual agreement to trade one cash flow for another
In Canada, the dividend tax credit eliminates tax liability for eligible dividends. Eligible dividends can come from...
Publication 529 describes the possible deductions which can be taken in an itemized way on an individual’s tax return
This term was coined quite recently, describing the relationship between bitcoin prices and Google searches for bitcoin