Consider the following statements regarding the development of the country.

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For comparing countries, their income is considered to be one of the most important attributes.

Countries with higher incomes are less developed.

More income means more of all the things that human beings need.

Both (1) and (3)

answer is D.

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Detailed Solution

For comparing countries, their income is considered to be one of the most important attributes and More income means more of all the things that human beings need. Income is considered one of the essential attributes of comparing different countries. Per capita income is calculated based on the total income of a country divided by its total population. It is also known as average income. Countries are compared based on their income levels and other factors, such as literacy rate, Human Development Index, etc. They are categorised as underdeveloped, developing, and developed. The income of people will also play a significant role in fulfilling their aspirations and desires. They can get more of all the things that human beings need with more income.

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