What is percapita income

Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the ...

Explanation:

Per capita income is a measure of the amount of money earned per person in a nation or geographic region.

Explanation:

Per capita income for a nation is calculated by dividing the country's national income by its population. Per capita can be used to evaluate the average person's quality of life in a country or region.

Source: https://www.investopedia.com/terms/i/income-per-capita.asp

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.

all cities have a governor

all cities are in states or provnies then country

all cities have people

difference

some are rich

some are poor

some are average