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Does the per capita income determine the correct develoment status of a country?
Wiki User
∙ 12y ago
Development is an increase in the standard of living within a country.
GDP per capita or even GNP per capita is one of the measure people use to measure development.
However, think about this. If, for one reason or another, Bill Gate decides to move to Haiti and become a Haitian, he will add to Haiti's GDP a lot of money, at the same time increasing per capita income (since population only changes by 1.) However, this does not mean that standard of living in Haiti has improved (or Haiti has experienced economic development.) Other measures, such as HDI, access to water, education needs to be looked at in order to measure the development.
GDP per capita is good but when using it, be sure to look at figures such as Gini coefficient or Lorez curve to see the usefulness of the figure while getting other measures (HDI) to measure development.
Wiki User
∙ 12y ago
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Which economic indicator measures per capita GDP education and life expectancy to determine the development of a country?
human development index
How does a country's GDP help you determine if its economy is strong or weak?
A high GDP per capita is a sign of well-being and of a strong economy.
Which Asian country has the highest GDP per capita?
Singapore has the highest GDP per capita in Asia
What country has the most prostitutes per capita?
China
How you classified per capita income?
per capita income is the income of every working individual of a country per capita income is the income of every working individual of a country
Which economic indicator measures per capita GDP education and life expectancy to determine the development of a country?
human development index
How does a country's GDP help you determine if its economy is strong or weak?
A high GDP per capita is a sign of well-being and of a strong economy.
What country has the lowest capita?
Ethiopia
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
What is is the worlds richest country?
Here is a list of the richest countries Luxembourg (GDP per capita: $119,719) Norway (GDP per capita: $86,362) Switzerland (GDP per capita: $83,832) Ireland (GDP per capita: $81,477) Iceland (GDP per capita: $78,181) Qatar (GDP per capita: $65,062) The United States of America (GDP per capita: $64,906) Denmark (GDP per capita: $63,434) Singapore (GDP per capita: $62,690) Australia (GDP per capita: $58,824) so I know the USA is the richest country but this is the richest countries by GDP.
Which Asian country has the highest GDP per capita?
Singapore has the highest GDP per capita in Asia
What is the gross domestic product per capita?
Gross domestic product per capita is the measure of the total output of a country divided by the number of people in the country.
Richest country year 2008?
The richest country is Qatar in Gross Domestic Product per capita income GDP per Capita Source: CIA
What is a country that has a per-capita debt larger than its per-capita gross income?
The United States of America
Is Dubai the richest country in the world?
no the richest country in the world is Luxembourg with ovedr 88,800 GDP per capita
What is Asia's GNP per capita?
In Asia, the country with the highest GNP per capita, as of 2013, is Qatar with $98,814. It is followed by Singapore, with $64,584 GNP per capita.
What country has the most prostitutes per capita?
China
