10-Which of the following is the most important component for comparing different countries?
a.popultaion
b income
c.per capita income
d.resources
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Explanation:
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per capita income is the most important components for comparing different countries.
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The component is Per Capita Income
- It is frequently used to accurately compare the considerable wealth of various populations and to properly evaluate the average income of a key sector.
- It is generally calculated in US Dollars.
- It is also employed to gauge an independent country's standard of living.
- It is used so since it is a metric to calculate how much revenue is earned by each individual in a particular country or area.
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