Question

What are the basic tools used for comparing an under developed country with a developed one?

Answer 1

1. standard of living
2. national income
3. HDI

Answer 2

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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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