Economy, asked by karthikpandu4141, 11 months ago

What is merit of average income

Answers

Answered by obafolajuwon2004
0

Answer: Average income is an important criterion for development as it explains the per-capita availability of goods and services.

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Explanation:

Answered by queensp73
0

Answer:

Per capita income helps determine the average per-person income to evaluate the standard of living for a population. Per capita income as a metric has limitations that include its inability to account for inflation, income disparity, poverty, wealth, or savings.

Explanation:

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