Question

The 40,595 residents of a city earned a total of $1,730,849,015 in 2005. What was the per capita income, in dollars per person, for 2005?

Answer 1

Per capita income, in dollars per person, for 2005 is $42637

Explanation:

The formula to calculate per capita income is:

per capita income = National income/total population

National income = $1,730,849,015

Total population = 40,595

per capita income in 2005 = 1,730,849,015/40,595

per capita income in 2005 = $42637

So, per capita income, in dollars per person, for 2005 is $42637