Calculate the Average Income of Country A and B :

Calculate the Average Income of Country A and B :

Citizen	Country A (Income)	Country B (Income)
P	9500	500
Q	10500	500
R	9800	500
S	10000	500
T	10200	48000

Ans. 

(i)

The income or total income of the country	= The income of all the residents of the country
Total income of the country A	= ₹ 9,500 + ₹ 10,500 + ₹ 9,800 + ₹ 10,000 + ₹ 10,200
	= ₹ 50,000
The average income of country A	=  Total income of country A / Its population
	= ₹ 50,000 / 5
	= ₹ 10,000
So, the average income of country A   = ₹ 10,000.

 

(ii)

The income or total income of the country	= The income of all the residents of the country
Total income of the country B	= ₹ 500 + ₹ 500 + ₹ 500 + ₹ 500+ ₹ 48,000
	= ₹ 50,000
The average income of country A	=  Total income of country A / Its population
	= ₹ 50,000 / 5
	= ₹ 10,000
So, the average income of country B   = ₹ 10,000.