Question

on the basis of the given table answer the following questions comparison of two countries. country A monthly income of citizens in 2007 9500, 10500 , 9800 , 10000 , 10200. Country B 500 , 500 , 500 , 500 , 48000. Calculate the average income of country A and B. Are both countries equally developed if not why not ? Which country is better and why ?
please help me !! ​

Answer 1

Answer:

a) Average income of country A is– (9500+ 10500+ 9800 + 10000+ 10200)/5 = Rs. 10,000

Average income of country B is– (500 + 500 + 500 + 500 + 48000)/5 = Rs. 10,000

(b) No– Both the countries are not equally developed

(c) Country ‘A’ is better because distribution of income is more or less equal.

Answer 2

Given

Income of 2 countries.

A- 9500, 10500, 9800, 10000, 12000.

B- 500, 500, 500, 500, 48000.

To find:

The average income of both the country

See if both the countries are equally developed

Which country is better and why.

Solution:

Income of country A- 9500, 10500, 9800, 10000, 12000.

Income of country B- 500, 500, 500, 500, 48000.

$average \: income = \frac{total \: income \: }{population}$

Here, the population given for both the country is 5

FOR COUNTRY A

$average \: income = \frac{9500 + 10500 + 9800 + 10000 + 12000}{5}$

$average \: income = 10000$

FOR COUNTRY B

$average \: income \: \\ = \frac{500 + 500 + 500 + 500 + 48000}{5}$

$average \: income = 10000$

Therefore, the average income of

Country A = 10,000

County B = 10,000.

Both the county are not equally developed because one country has a high concentration of wealth in the small group of people which Country A has an equitable distribution of income.

County A is better because it has the more equitable distribution of wealth within the country and people have almost the same amount of money.