define Average income. Write one demerits of using it in comparing countries
Answers
Answered by
60
Average Income=Total income of the country/Its population
Often, the per capita income is calculated for cities and countries. It helps us address issues like the ... state or a country by its population. This is used to compare the wealth of one population with those of the others.
Often, the per capita income is calculated for cities and countries. It helps us address issues like the ... state or a country by its population. This is used to compare the wealth of one population with those of the others.
Answered by
97
Average income is the total income of the country by the total population.
The demerit is basic factors like infant mortality rate, literacy rate, death rate, better health facilities, etc are given less consideration.
The demerit is basic factors like infant mortality rate, literacy rate, death rate, better health facilities, etc are given less consideration.
Similar questions