Economy, asked by prasaddmebe5177, 1 year ago

Why average is useful ? State one criterion of calculating it ? 0th economics?

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Answered by anwesha2874

0

Average is useful because it allows us to know the average income of each individual rather than that of the whole country. It can be calculated by dividing total income by the total population. It is also known as per capita income and is used as an important criterion by the World Development reports to know about economic development of a nation...

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