How to compare different country or State
Answers
like we are saying that in india is states that like we compare countries as a states
Answer:
• The criteria for comparison are selected on the bases of purpose of comparison.
• 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.
• The income of the country is the income of all the residents of the country. This gives us the total income of the country.
• For comparison between countries, total income is not such useful measure.
• Hence, we compare the average income which is the total income of the country divided by its total population. The average income is also called per capita income.
• In World Development Report brought out by the World Bank, this
• Countries with per capita income of USD 12736 per annum and above in 2013, are called rich countries and those with per capita income of USD 1570 or less are called low-income countries.
• India comes in the category of low middle-income countries because its per capita income in 2013 was just US$1570 per income.