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calculate the average income of country A and B
? Related: Key Concepts: Development
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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.
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calculate the average income of country A and B Related: Key Concepts: Development?
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calculate the average income of country A and B Related: Key Concepts: Development? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about calculate the average income of country A and B Related: Key Concepts: Development? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for calculate the average income of country A and B Related: Key Concepts: Development?.
calculate the average income of country A and B Related: Key Concepts: Development? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about calculate the average income of country A and B Related: Key Concepts: Development? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for calculate the average income of country A and B Related: Key Concepts: Development?.
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