Question

how average income used as important indicator of the development of the country

Answer 1

Dear Student,

a. Average income is the total income divided by the population. It serves as an important tool of comparing different nations and classifying them as rich countries or low income countries.
b. It gives us an information about what an average person is likely to earn and therefore is an important indicator of development.
c. It gives us an important indicator about the person's standard of living in a nation
d. It gives us a quantitative aspect of development.

Regards