which organisation gives avg income ?
why is it important to compare the countries ?
Answers
Answer:
Countries have different populations, so we must compare the average income of the country which is got by dividing the total income of the country by its total population, etc.
Average income is taken in consideration instead of total income while comparing countries because it gives a more accurate position of the countries. It is possible that two countries have equal total income but different population.
GDP per capita is the best criterion used to compare different countries. GDP per capita, divides a country's economic output by its total population, making it the best criterion just be making sure purchasing power parity is used.
Explanation:
HOPE THIS HELPS YOU.
Answer: WORLD BANK
Explanation:Countries have different populations, so we must compare the average income of the country which is got by dividing the total income of the country by its total population, etc.