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Q.

The most important attribute for comparing development of various economies is:

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a

Rules regarding fire safety

b

IMR

c

Per Capita Income

d

None of these

answer is C.

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Detailed Solution

The most crucial attribute to compare the development of various economies is their per capita income.
The per capita income of a country is the national income divided by the country’s population. Thus, it shows the average income levels of the citizens of the country. The federal income of a country is determined by summing up the payment of all the citizens of the country. Per capita income gives an idea about the standards of living of the people of that particular country and, thus, can be used to compare the development of various economies.

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