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What is the criteria used by world bank for measuring development?
Per capita income is used by world bank to measure development
What is the limitations of average income as a measure of development?
Average income can be misleading as a measure of development because it does not account for income distribution within a population. High average income might coexist with significant income inequality, leaving large segments of the population in poverty. Additionally, it overlooks other critical factors such as access to education, healthcare, and overall quality of life, which are essential for assessing true development. Consequently, relying solely on average income may provide an incomplete or distorted picture of a country's developmental status.
Why is economic development important?
economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.
Discuss the advantages and disadvantages of national income of an economy?
main advantages of national income:- 1:Study of All important sectors & Industries 2:An important fact for measuring economic development of Develop countries 3:Analysis of different sectors
What are the annual income of average drop shippers?
The annual income of average drop shippers is around 45K. The minimum income is 20K, and the maximum income in 7.5K. When averaged out, the annual income of average drop shippers is 45K.
What is difference in criteria of UNDP and world bank for measuring development?
World bank measures the average of income. While the UNDP compares on the foundation of health, education, and income.
What is the criteria used by world bank for measuring development?
Per capita income is used by world bank to measure development
Which indicator is considered to be most important measure of development?
Gross Domestic Product (GDP) per capita is often considered the most important measure of development as it reflects the average income level of a country's population. However, it is important to consider other indicators such as Human Development Index (HDI) which includes factors like education and health in addition to income.
Why is economic development important?
economic development is important for growth in national and per capita income along with increase in social welfare,moral values etc.
What does MIC mean in geography?
MIC stands for "Middle-Income Country" in geography. This term is used to categorize countries based on their level of economic development, with middle-income countries falling between low-income and high-income countries. These countries typically have moderate levels of economic development and income levels.
How does the worldwide average income and the us average income compare?
The US average income is MUCH higher than the world average income.
Average income of family in Yugoslavia?
The average income of families in Yugoslavia varied depending on factors such as occupation, location, and economic conditions at the time. In the 1980s, the average income of a family in Yugoslavia was around $8,000 to $10,000 per year. However, it is important to note that this figure is an estimate and may not accurately represent the income of all families in the country.
Who is considered a dependent for income tax?
Whoever satisfies the criteria listed in the income tax instruction booklet.
What is the average income of a California embalmer?
the average income is 300,990,234.788
What is the average American income?
the average income depends on your job
What is the average Ga income?
The average Georgia Income is $47,590
In Hawaii what is the average family income?
what is the average income in hawaii
