What do you mean by Average income?
Answers
Answer: heyaa mate .....
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 also called average income.
It is widely used as an indicator of the level of development of a country. It is a general measure of the prosperity and standard of living of the population of the country.
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Answer:
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Explanation:
❣❣per capita income ( P C I) or a 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 it's total population .... per capita income is also call as average income ❣❣
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