what is the advantage of using average income over total income
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1)Average income is an important criterion for development as it explains the per capita availability of goods and services. 4)Averages are used for better understanding. 5)Different countries have different population so total income will not tell what an average person is likely to earn.
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Explanation:
1)Average income is an important criterion for development as it explains the per capita availability of goods and services.
2)Averages are used for better understanding. 3)Different countries have different population so total income will not tell what an average person is likely to earn.
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