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Which one of the following is the correct meaning of ‘Average Income’? -

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Question

Which one of the following is the correct meaning of ‘Average Income’?

Options

  • The total income of the country divided by its earning population.

  • The total income of the country divided by its total population.

  • The total income of all the residents of the country.

  • The total income from the domestic and foreign sources.

MCQ

Solution

The total income of the country divided by its total population.

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Comparison Between Different Countries Or States
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