How can we compare between the countries?
Different countries in the world can be compared on the basis of several dimensions such as Economic factors, Environment, Political and Social Indicators….Human Development Index (HDI)
- Education levels of people.
- Per Capita Income.
- Health Status.
Why do countries compare?
Often, the objective is to compare one country’s performance to others in order to assess what countries have achieved, what needs to change in order for them to perform better, or a country’s progress in reaching certain objectives.
What is the most common measure used for comparing countries?
This section provides an overview on most common used indicators:
- Gross Domestic Product (GDP)
- Gross Domestic Product Per Capita (GDP Per Capita)
- Gross Domestic Product Per Capital On Purchasing Power Parity (GDP Per Capita On PPP)
- Income Inequality Using GINI Coefficient.
- Foreign Exchange Reserves.
- Foreign Exchange Debt.
Why total income is not useful measure for comparison between countries?
Ans : Total income is not a useful measure for comparison between the two countries because it hides the disparities. It does not show how the income is distributed among the different sections of the society. So, even if the total income is same, people of two different countries will not have similar income .
Which is the most important attribute to compare countries?
For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income.
Will you be equally happy to live in both these countries?
Will you be equally happy to live in both these countries? This is because even though both the countries have an identical average income, country A is preferred because it has more equal distribution.
Which of the following is the most important attribute to compare countries?
The Correct Answer is income. In order to compare the development of nations, the income of the countries is always considered to be one of the most important attributes.
How do countries compare wealth?
GDP per capita is a good way to compare the economic output of a country as experienced by its residents. It divides a country’s economic output by its population. You can use GDP per capita to compare any country with another one.
Which is a useful measure for comparison between countries by the World Bank?
Answer: 1. The criterion used by World Bank: The average income, i.e. per capita income is the main criterion used by the World Bank in classifying different countries.
What is the use of comparing the average income of the countries?
We use averages because they are useful for comparing differing quantities of the same category. For example, to compute the per capita income of a country, averages have to be used because there are differences in the incomes of diverse people.
How do we compare different countries Class 10?
We can compare country or states on various subjects but the important subjects on which tey are compared are:
- Per Capital Income.
- Literacy Rate.
- Infant Mortality Rate.
- Net Attandance Ratio.
- Cleanliness ( as in Swacch Sarvekhan Programme)
- Poverty Line.
- Pollution Level.
What is the main criterion for comparing the development of different countries?
The average or per capita income is the main criterion for comparing the development of different countries.