Why does national income and average income is considered as useful measure in comparing countries?
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Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is often used to measure a country's standard of living. ... This helps to ascertain a country's development status.
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Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is often used to measure a country's standard of living. ... This helps to ascertain a country's development status.
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