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Difference between per capital income and …

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Difference between per capital income and average income

Posted by Gurpreet Kaur 6 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Puja Sahoo? 6 years, 10 months ago

GDP per capita can be used as a rough approximation of average income, but not median income as they're measuring two different things. Average income is the sum total of all income divided by the population. Median income is the income that separates the upper half of the population from the lower half.

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CBSE > Class 10 > Social Science