Question

what do you understand by average income​

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.

Answer 2

Answer:

Average income is the total income of the country divided by its total population, The average income is also called per capita income.

Explanation: