What are the basic tools used for comparing an under developed country with a developed one?
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1. standard of living
2. national income
3. HDI
2. national income
3. HDI
susanna54:
thanks a lot
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Per Capita GDP in Purchasing Power Parity terms - This is released by International Monitory Fund based on data collected from member countries
Human Development Index - This takes into account Per Capita GDP-PPP , Life Expectancy and Education . This data is released by United Nations Development Programme . This index, of late is calibrated for inequalities also
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