state the difference between per capita income/average income and total income.
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Answered by
39
Per Capita income=We compare the averages income which is the total income of the country divided by its population. The average income is also called per capita income.
Total income=It is the income/money secured by an organism or a person. It is calculated for the purposes of calculating taxes.
Total income=It is the income/money secured by an organism or a person. It is calculated for the purposes of calculating taxes.
ankitadas0505:
can you please give around 4 points for this question?
Answered by
17
per capita income is the average income of a country.
average income is the sum of income divided by number of p[ersons got income.
total income is the sum of the income of the total number of persons.
average income is the sum of income divided by number of p[ersons got income.
total income is the sum of the income of the total number of persons.
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