PCI = Y(Income)/P(population)We know: $PCI = \frac{Y(Income)}{P(population)}$ and that PCI$PCI$ growth rate is (change in PCI)/PCI How$\frac{\Delta PCI}{PCI}$.
How is this equal to the difference between income growth rate and population growth rate? In
In other words how is (∆(Y/P))/(Y/P) = (∆Y/Y) - (∆P/P)$\left(\frac{∆\frac{Y}{P}}{\frac{Y}P}\right) = (∆Y/Y) - (∆P/P)$ ?