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What do you understand by the term "Average income" of the country? |
Total income divided by the total population of the country Total population divided by the total income of the country Total income divided by the per capita income of the country Per capita income divided by the total population of the country |
Total income divided by the total population of the country |
Average income is the total income of the country divided by its total population. The average income is also called as per capita income. |
