calculate the average income of country A and B Related: Key Concepts...
To calculate the average income of a country, you will need to know the total income of the country and the total population of the country. You can then use the following formula:
Average income = Total income / Total population
For example, if Country A has a total income of $100 million and a population of 10 million, the average income would be:
Average income = $100 million / 10 million = $10,000
Similarly, if Country B has a total income of $200 million and a population of 20 million, the average income would be:
Average income = $200 million / 20 million = $10,000
In this case, both Country A and Country B have an average income of $10,000. However, it is important to note that this calculation only gives an average and does not take into account the distribution of income within the country or the purchasing power of the currency.