Economy, asked by apoorva4285, 8 months ago

For comparison between countries total income is not such an useful measure. Why?​

Answers

Answered by xTABUx
128

❤Hey!❤

Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. The average income which is the total income of the country divided by its total population. The average income is also called per capita income.

Thanks

Answered by Havana27
180

Total income is not a useful measure for comparison between the two countries because it hides the disparities. ... But country A is having more population than B . Therefore the income will be distributed among more number of people and hence each person will get a smaller share of income .

Similar questions