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Q.

For comparing the development of different countries ____ is considered an important attribute.


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Detailed Solution

For comparing the development of different countries, per capita income is considered an important attribute.
The per capita income index is used to compare two countries' development. Per capita income can be defined as the total income divided by the country's population. It is also known as the average income. However, per capita income is not the absolute measure of development as it does not highlight the income disparities in the country or other economic issues such as unemployment. It also fails to include other aspects of the economy, such as transportation, health facilities, education, etc.
 
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