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If you add together all that every working citizen makes, then divide that by the number of citizens, then you have the average income (per person), for that country.
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∙ 9y ago
The average income of a country refers to the total income earned by all individuals in that country divided by the total population. It provides a general measure of the economic well-being of the population and is often used to compare income levels across different countries.
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In what country has the Average income been stagnant for many years?
The United States has seen stagnant average income for many years, with real wages for average workers remaining relatively flat despite economic growth.
What is the average income of people in Yugoslavia?
As of my last update in 1992, the average income in Yugoslavia was around $7,500 annually. However, this data may be outdated as the country no longer exists.
A country in which average income is typical for the world as a whole and in which people are as likely to live in rural area as in an urban area fit into which category?
This country would be categorized as a middle-income country with a balanced distribution of population between rural and urban areas.
What is the average household income in Connecticut?
The average household income in Connecticut is around $78,833.
What was the average income during the 1950's?
The average income in the 1950s varied widely depending on factors such as location, occupation, and education level. On average, household income was around $3,300 per year in the early 1950s, increasing to around $5,400 by the end of the decade.
What is the formula of average income?
average income of a country = total income of the country÷ population of the country
Average family income?
The average family income varies from state to state and from country to country.
What is average income of a country?
The average income of a country depends with the country in question. The average income of the first world countries greatly varies when compared with those of the developing countries.
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
What is the average per capita income?
Average per capita income is income per head of a country i.e. real GDP/Population .
What is per capita income?
it is when the total national is divided by the populationit is number of incom whitch is divided equally among allWhen the total national income is divided by the total population, it is called per capita income.It is the average income of an average person in that country.For example:Let a country's average income be 5000$It doesn't mean that every person is earning 5000$ in that country. But on an average, the income of a person in that country is 5000$.Country with high per capita income is said to be developed.for example U.S.A.
How can you tell if a country is rich or poor?
GDP, Average household income, disposable income, how much debt the country is in, imports and exports...
In what country has the Average income been stagnant for many years?
The United States has seen stagnant average income for many years, with real wages for average workers remaining relatively flat despite economic growth.
What is the average income in South America?
The average income in Central America will vary depending on what country you are located in. The majority of countries average around 3000 dollars a year.
What country's average per capita income is only a fraction of that in more industrialized countries?
developing country
What is the annual income per person in the country of Columbia?
Columbia ...the country? Columbia, SC...Columbia,MD???
What s meant by income inequality.distinguish between personal and functional distribution of income.?
What is meant by income inequality? Distinguish between personal and functional distribution of income.
