Question

Explain any four different bases for comparison of economic development of different nation

Answer 1

HEY MATE HERE IS YOUR ANSWER:-

three bases of economic development are:

(1)Per capita income This is the total National Income (GDP) divided by the total population.

(2) Life expectancy at birth This is the number of years, a new born child is expected to live if subject to the mortality risks prevailing for the population concerned.

(3)Literacy rate This is the total percentage of the population of an area at a particular time aged 7 year or above, who can read and write with undemanding adeast one language.

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Answer 2

The main aspects that are taken into consideration while comparing the economic development of different nations is the levels of income. The per capita income, the rate of literacy, population and 'Net Attendance Ratio'

Explanation:

• The income levels of the nations gives a significant idea on its  economic development. The level of  income is established by the Per Capita income. Per capita income is taken out after dividing the population from the total national income of the country
• High birth rate also plays a role in the economic development along with the mortality rate of the new born child. Improvement in the quality of life signifies better economic development of the nations
• Human development is another important aspect in comparing the economic development. The higher the literacy rate among the people the nation would have more skills and specialization and would be economically moving forward.

To know more about Per Capita Income

Differences between real per capita income and per capita income

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