(1) Total income of the country divided by it's Total population is known as?
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Answer:
Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income
Explanation:
GNI is the total income received by the country from its residents and businesses regardless of whether they are located in the country or abroad. GNP includes the income of all of a country's residents and businesses whether it flows back to the country or is spent abroad.
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