Economy, asked by nautiyalsagar1, 8 months ago

answer these questions correctly(the correct will be brainliest)and all​

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Answered by queensp73
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Hey Mate !!

 Here is u r Answer !!

1.The development of a country is generally determined by its per capita income, its average literacy level and health status of the people in the country. Development of the country is a broad term that develops the per capita income, and living standard of the people.

2.The main criterion used by the World bank in classifying different countries is Per capita income or Average Income.

1) According to world development report, the countries with per capita income of US$ 12, 736 per annum and above in 2013, are called rich countries.

2) The countries with per capita income of US$ 1045 or less are called low income countries.

Limitations of this criterion are as follows :-

1) It doesn't tell us how the income is distributed among people.

2) Some may be very rich but the masses maybe poor. That is, it hides disparities.

3) Per capita income cannot be regarded as the sole indicator of development. Other Ares are also important like literacy rate, life expectancy , infant mortality rate, etc

3. The term average is used frequently in everyday life to express an amount that is typical for a group of people or things. ... Averages are useful because they: summarise a large amount of data into a single value; and. indicate that there is some variability around this single value within the original data.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. However, there are limitations to the use of averages. Even though they are useful for comparison, they may also hide disparities. For example, the infant mortality rate of a country does not differentiate between the male and female infants born in that country. Such an average tells us nothing about whether the number of children dying before the age of one are mostly boys or girls.

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