what is mean by country income
Answers
Answer:
In our comparison over 79 countries, the USA comes 9th with an average income of 65,850 USD. The average income is calculated by gross national income and population.
Answer:
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income can be used to determine the average per-person income for an area and to evaluate the standard of living and quality of life of the population.
National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. Two things must be noted in regard to this meaning of national income. First, it measures the market value of annual output. In other words, national income is a monetary measure.
Explanation:
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