Question

what is average income. How is it calculated ?​

Answer 1

❕❗The average income or per capita income is the income earned by per head in a given are and in a given period of time say one year ❕❗

AI= Areas total income / total population

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Answer 2

Average Income/ Per Capita Income measures the money earned or unearned [average income] per person in an given area [city,region,country,etc] in a specified year. It is calculated by dividing the total income of a country by its total population.