Is this the average of the total sum of income or the median income?
this post was submitted on 23 Aug 2024
1 points (100.0% liked)
Memes
45731 readers
165 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
It's pretty clear in the title that's an average
Ok. Isn't that a pretty unreliable, without additional measure for income inequality?
It is adjusted for purchase power parity. Top right.
But that only allows comparison between different countries
The median or mode would also be needed to get the general view
"Average" can be an arithmetic mean, a median, a geometric mean, or even a mode.
Sweden is lagging so far behind Denmark and it sucks. Worse Nordic in many respects these days.
Where's the meme in this?
China is missing