State the formula to calculate Average Income.
A. \(\frac{\text { Output }}{\text { Total Income }}\)
B. \(\frac{\text { Total Income}}{\text { Output }}\)
C. Total Income × Output
D. None of these.
Answer:B
State the formula to calculate Average Income.
A. \(\frac{\text { Output }}{\text { Total Income }}\) B. \(\frac{\text { Total Income}}{\text { Output }}\) C. Total Income × Output D. None of these.