Banner 0
Banner 1
Banner 2
Banner 3
Banner 4
Banner 5
Banner 6
Banner 7
Banner 8
Banner 9

Q.

[[1]] is used to compare the development of countries.


see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.
An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

JEE

NEET

NEET

Foundation JEE

Foundation JEE

Foundation NEET

Foundation NEET

CBSE

CBSE

Detailed Solution

1)      Average Income is used to compare the development of countries.
2)      Average income is also known as per capita income. It is the mean income of the people in an economic unit such as a country or city. The total income of a country is divided by its population.
3)      Their income is considered the most important attribute when comparing different countries. Countries with higher incomes are more developed than countries with lower incomes. We compare the countries with their average income or per capita income because different countries have different populations.
4)      According to World Bank 2017, above 1,43,000 incomes fall in the category of rich countries. Below 37,000 are called low-income countries and countries between 1,43,000-37,000 are rich countries.
5)      The limitation of the average income is that it does not tell us precisely the distribution of things in people and does not give any information about how items are distributed in that region or country.
 
Watch 3-min video & get full concept clarity
score_test_img

courses

No courses found

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!

best study material, now at your finger tips!

  • promsvg

    live classes

  • promsvg

    progress tracking

  • promsvg

    24x7 mentored guidance

  • promsvg

    study plan analysis

download the app

gplay
mentor

Download the App

gplay
whats app icon
personalised 1:1 online tutoring
[[1]] is used to compare the development of countries.