Economy, asked by nani41, 1 year ago

Why do we use average income to compare development levels of the country

Answers

Answered by akanksha3011
45
Average income is used to compare development levels of a country for the following reasons:

1.Average income represents the total income of a country keeping in view of    the total population.

2.If the average income is adequate to meet, the basic requirementand other    facilities that country is considered developed.

3.More income means more of all things that human beings need. What ever    people like and should have, they will be able to get with greater income.

Answered by poojasherma27
6

Answer:

here is your answer:-

Explanation:

Averages are useful because they:

  • summarise a large amount of data into a single value; and
  • indicate that there is some variability around this single value within the original data.

Hope it will help you.....

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