Economy, asked by azmi1, 1 year ago

Why is average income used instead of total income for comparing development of a country

Answers

Answered by Anonymous
2
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 requirement and 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 StudentTwin02
1

HI

⭐️ Average income is taken into consideration while making comparisons between countries.

▶️As different countries have different populations, comparing total income does not tell us what an average person is likely to earn.

▶️Hence, total income is not a useful measure for comparing the development of different countries.

Hope it proved to be beneficial....

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