Question

Define average income.
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Answer 1

Explanation:

Per capita income (PCI) or average income measures the average income earned per person in a given area in a specified year.

It is calculated by dividing the area's total income by its total population.

Answer 2

Heyy dear♥️

Average income is also called Per capita income. It measures the average income earned per person in a particular region or country in a specified year.

It is calculated by dividing the area's total income by its total population.

Per capita income = total income of area/total population.

It helps to tell about the actual earning of an individual.

Thank you :)