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Assume there are 4 families in a country. The average per capita income of
these families is Rs.5000. If the income of these families in Rs.4000, Rs.7000
&Rs.3000 respectively. What is the income of the fourth family?
Most Upvoted Answer
Assume there are 4 families in a country. The average per capita incom...
Number of families=4,
,I1=4000,I2=7000,I3=3000,
to find I4=?,
5000=l1+.....+l4/4,
20000=4000+7000+3000+I4,
I4=20000-14000=6000
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Assume there are 4 families in a country. The average per capita incom...
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Read the source given below and answer the questions by choosing the most appropriate option:Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, the greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with a per capita income of US$ 49,300 per annum and above in 2019, are called high income or rich countries and those with a per capita income of US$ 2500 or less are called lowincome countries. India comes in the category of low middle-income countries because its per capita income in 2019 was just US$ 6700 per annum. The rich countries, excluding countries of the Middle East and certain other small countries, are generally called developed countries.Which of the following is an awful measure to compare income between countries?

Read the source given below and answer the questions by choosing the most appropriate option:Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need. Whatever people like, and should have, they will be able to get with greater income. So, the greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income.In World Development Reports, brought out by the World Bank, this criterion is used in classifying countries. Countries with a per capita income of US$ 49,300 per annum and above in 2019, are called high income or rich countries and those with a per capita income of US$ 2500 or less are called lowincome countries. India comes in the category of low middle-income countries because its per capita income in 2019 was just US$ 6700 per annum. The rich countries, excluding countries of the Middle East and certain other small countries, are generally called developed countries.Which of the following is the correct formula to calculate the average income of the country?

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Assume there are 4 families in a country. The average per capita income ofthese families is Rs.5000. If the income of these families in Rs.4000, Rs.7000&Rs.3000 respectively. What is the income of the fourth family?
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Assume there are 4 families in a country. The average per capita income ofthese families is Rs.5000. If the income of these families in Rs.4000, Rs.7000&Rs.3000 respectively. What is the income of the fourth family? for Class 10 2025 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Assume there are 4 families in a country. The average per capita income ofthese families is Rs.5000. If the income of these families in Rs.4000, Rs.7000&Rs.3000 respectively. What is the income of the fourth family? covers all topics & solutions for Class 10 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assume there are 4 families in a country. The average per capita income ofthese families is Rs.5000. If the income of these families in Rs.4000, Rs.7000&Rs.3000 respectively. What is the income of the fourth family?.
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