Question

How is the average income of a country calculated?​

Answer 1

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 by its total population. Per capita income is national income divided by population size.

Answer 2

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 by its total population. Per capita income is national income divided by population size.

(OR)

• The average income of a country is calculated by dividing the total income of the country by its total population.

Explanation:

@Genius