Question

What is Average Income ??​

Answer 1

Answer:

Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size.

Explanation:

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Answer 2

Answer:

The average income is defined as the income that is earned by per person in a given area for a period of time. It is calculated as: Average income = total income of the area/total population of that area.

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