Economy, asked by Anonymous, 1 year ago

What do you mean by average income? 2marks


Anonymous: not from google and other website by your own words

Answers

Answered by praween3
4
It can apply to the average per-personincome for a city, region or country, and is used as a means of evaluating the living conditions and quality of life in different areas. It can be calculated for a country by dividing the country's national income by its population

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Anonymous: copied from google
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Answered by Anonymous
11
Average income is the total income of the country divided by its total population. The average income is also called per capita income.

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