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

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

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

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

D.The total income from the domestic and foreign sources.

Dear Student,
Per Capita Income (PCI) or Average Income is defined as the income, which measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.Hence option B is correct
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B is correct option
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