What is average income? Also write down the formula to calculate
the average income of the country.
Answers
Answered by
13
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. Per capita income is national income divided by population size.
Answered by
13
Answer:
The amount of money earned in specific days I.e you earned 6rupees in 3 days so 6*3=18 so your average will be 18÷3
Explanation:
Average income=money earned÷time duration
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