Explanation:

Factors contributing to the increase in per capita income over the years:
- Economic growth: As the economy grows, there are more opportunities for businesses to expand and create more jobs, leading to an increase in income levels.
- Technological advancements: Advancements in technology have increased productivity and efficiency in various sectors, leading to higher incomes for individuals.
- Education and skill development: Investments in education and skill development have helped individuals acquire the necessary skills to secure better-paying jobs.
- Government policies: Implementing policies that promote economic growth, employment, and income distribution can contribute to an increase in per capita income.
- Globalization: Increased trade and investment opportunities have opened up new markets and created more job opportunities, contributing to higher income levels.

Impact of increasing per capita income:
- Improved standard of living: Higher per capita income allows individuals to afford better healthcare, education, housing, and overall quality of life.
- Reduced poverty levels: Increasing per capita income can help lift people out of poverty by providing them with the means to meet their basic needs.
- Economic development: Higher per capita income can stimulate economic development by increasing consumer spending, investment, and overall economic activity.
- Social stability: Increasing per capita income can contribute to social stability by reducing income inequality and promoting a more equitable distribution of wealth.