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:

B

Explanation:

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

Answer 2

(B).Average Income meaning of, "The total income of the country divided by its total population.

Explanation:

• Per capita income or average income measures the average income earned per person in the given area in a specified year. it is calculated by dividing the area's total income by its total population.
• It is more the evaluating national income of the country. also write down the formula to calculate the average income of the country.
• The average income defined as the income that is earned by per person in given area for a period of time.
• It's calculated as: Average income = total income of the area/total population of that area.