Let us consider two countries, A and B. For the sake of simplicity, we have assumed that they have only five citizens each. Based on data given in Table $1.2$, calculate the average income for both the countries:

Country	I	II	III	IV	V
COUNTRY A	$9500$	$10500$	$9800$	$10000$	$10200$
COUNTRY B	$500$	$500$	$50$$0$	$500$	$48000$

 

Find out the per capita income level of low-income countries as per World Development Reports.

Look at data in Tables $1.3$ and $1.4$. Is Haryana ahead of Kerala in literacy rate etc., as it is in terms of per capita income?

Table $1.3$ PER CAPITA INCOME OF SELECT STATES (As per the Economic Survey $2019-20$)

TABLE $1.4$ SOME COMPARATIVE DATA ON HARYANA, KERALA, AND BIHAR 

Sources: Economic Survey $2018-19$; National Sample Survey Organization(Report No. $585$); National Statistical Office, Government of India.