what is average income and per capita income
Answers
Answered by
7
Here is your answer.
Per capita income .
Per capita income also known as income per person is the mean income of the people in an economic unit such as a country or city. It is calculated by taking a measure of all sources of income in the aggregate such as GDP or Gross national income and dividing it by the total population.
l hope my answer is help you.
B brainly .
vinay7860:
thanks
Answered by
4
Answer:
the average income which is the total income of the country divided by its total population .the average income is called per capita income.
(it was mention in the book very clearly ,pls first prefer book first)
Similar questions