economicsAverage income is an important criterion for:

Average income is an important criterion for:


  1. A
    individual
  2. B
    development
  3. C
    distribute
  4. D
    income 

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    Solution:

    Average income is an important criterion for development as it shows the actual earnings of an individual. Because average income tells us about the country's total income divided by the country's total population, the average income is a crucial indicator of development. Average income, referred to as per capita income, provides information about an individual's actual earnings. We can estimate a person's standard of living and potential savings by knowing the nation's average income.
     
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