Question

Based on data given in Table, calculate the average income for both the countries.

Comparison of Two Countries

Country	Monthly incomes of citizens (in Rupees)
	I	II	III	IV	V	Average
Country A	9500	10500	9800	10000	10200
Country B	500	500	500	500	500

Will you be equally happy to live in both these countries? Are both equally developed?

Answer 1

Calculation of Average Income

Country A:

Total Income = 9500 + 10500 + 9800 + 10000 + 10200

= 50000

Average Income = `50000/5`

= ₹ 10,000

Country B:

Total Income = 500 + 500 + 500 + 500 + 500

= 2500

Average Income = `25005/5`

= ₹ 500

No, I will not be equally satisfied with both. No, both countries are not equally developed. Country A ensures an equitable distribution of its wealth. Its residents live comfortably, with stable and equal earnings. Country B, on the other hand, suffers from widespread and severe poverty. This example demonstrates that averages conceal actual wealth distribution. Equal averages don't imply equal welfare for citizens. True development requires both equity and economic prosperity. Thus, Country A is significantly more developed and desirable.