Question

What is average? Give the formula to calculate average income of the country?

Answer 1

Answer:

the number you get when you add two or more figures together and then divide the total by the number of figures you added is called average.

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.

Countries by GDP (nominal) per capita in 2019.

Per capita income is national income divided by population size

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