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?
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Answer:
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Explanation:
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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