Question

Based on the data given in the following table, calculate the average income for both countries: Country Monthly income of citizens Group I Group II Group III Group IV Group V Average Income Country A 9,000 10,000 8,000 11,000 12,500 (A) - ? Country B 5,000 4,000 6,800 5,050 29,650 (B) - ? Which country has more equitable distribution of income?​

Answer 1

Answer:

Ans. (A) 10,100

(B) 10,100

Even though, average income of both

countries is equal, Country A possesses a

more equitable distribution of income and

less economic disparities accordingly.

Explanation:

Average = Sumof all units

Total units

Country A

= 9 000 10 000 8 000 11 000 12 500

5

, , + + , , + + ,

= 10,100

Country B