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On the basis of given table answer the following questions monthly income of citizen into 2007 in (rupees rate) countryA rate9500 and contryB rate500. calculate the average income of country a and b?
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On the basis of given table answer the following questions monthly inc...
Monthly Income of Citizens in Country A and Country B in 2007


Calculation of Average Income of Country A and B



  • The monthly income rate in Country A is Rs. 9500.

  • The monthly income rate in Country B is Rs. 500.

  • To calculate the average income of Country A and B, we need to add the total income of all citizens in each country and divide it by the total number of citizens.

  • Let's assume that there are 100 citizens in each country.

  • Total income of citizens in Country A = 100 x 9500 = Rs. 9,50,000

  • Total income of citizens in Country B = 100 x 500 = Rs. 50,000

  • Average income of Country A = Total income of citizens in Country A / Total number of citizens in Country A = 9,50,000 / 100 = Rs. 9500

  • Average income of Country B = Total income of citizens in Country B / Total number of citizens in Country B = 50,000 / 100 = Rs. 500



Explanation of Average Income in Country A and B


From the above calculation, we can see that the average income of Country A is significantly higher than that of Country B. This indicates that the citizens of Country A have a higher standard of living compared to those in Country B.


The difference in average income can be attributed to various factors such as differences in education levels, job opportunities, economic policies, and government support. It is important for governments to take measures to reduce income inequality and ensure that all citizens have access to basic necessities and opportunities for a better life.
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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 the correct formula to calculate the average income of the country?

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On the basis of given table answer the following questions monthly income of citizen into 2007 in (rupees rate) countryA rate9500 and contryB rate500. calculate the average income of country a and b?
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