How do we compare different countries on the basis of their economic level ? What are it's limitations ?
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Hey... I think this can be ur answer!!
World Bank compares different countries on the basis of per capita income.
Limitation-it hides disparities and does not provide actual idea of the situation
Per capita income is measured by dividing total national income by total population....
World Bank compares different countries on the basis of per capita income.
Limitation-it hides disparities and does not provide actual idea of the situation
Per capita income is measured by dividing total national income by total population....
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