Question

Which one of the following is the correct meaning of “Average Income'? A. The total income of the country divided by its earning population. B. The total income of the country divided by its total population. C. The total income of all the residents of the country, D. The total income from the domestic and foreign sources,​

Answer 1

Answer:

The total income of the country divided by its earning population.

Answer 2

Answer:

The correct answer is Option (B)

Explanation:

This is because if you'll pick your NCERT over there you'll find the Definition of Average Income which completely states that "The total income of the country divided by its total population is the Average Income also known as Per capita income."