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What is the average household income in Somalia?

Per capita household income ($) Somalia 226


What is considered low income annual salary in Canada?

In Canada, the definition of low income can vary by region and household size, but generally, a household is considered low income if it earns less than half of the median income for that area. As of recent estimates, this threshold often falls around CAD 30,000 to CAD 40,000 for individuals. For families, low income thresholds can be higher, depending on the number of members. It's important to refer to specific provincial or federal guidelines for precise figures.


What is Togo's median income?

the average income in togo is between 900/1250 u.s.


Average household income in France?

The average household size is 2.5. Don't take this as half a person is living there, it just means that on a range of 2-3 people live there on average.


How does the relative price and a household budget real income influence its budget line?

The budget line represents the combinations of two goods that a household can purchase with its income at given prices. If the relative price of one good rises, the slope of the budget line becomes steeper, indicating that the household can afford less of that good relative to the other, effectively reducing its purchasing options. Additionally, a change in real income—whether an increase or decrease—shifts the budget line outward or inward, respectively, allowing for more or fewer combinations of the goods to be purchased. Together, these factors determine the feasible consumption choices available to the household.