Advertisements
Advertisements
Question
Why NNP is not considered as a useful measure to compare a country’s development with other countries?
Advertisements
Solution
- For comparison between countries' development, total income or the national income is not a useful measure.
- Since countries have different populations, comparing total income will not tell us what an average person is likely to earn.
- Hence we compare average income which is also called per capita income.
- Now the economical have realized that investment in human capital.
APPEARS IN
RELATED QUESTIONS
________ is considered a true measure of national income.
The ________ income is also called per capita income.
The Human Development Index (HDI) does not take into account the following dimension in its calculation.
_______ resources are those which will get exhausted after years of use.
The state having the highest literacy rate in India is _____________.
Human Development Report of the world prepared and released by _____________.
Match the following
| 1. Development | Wild life Protection Act |
| 2. Human resource | Renewable resources |
| 3. Solar energy | Part of daily life |
| 4. 1972 | Education |
How is the Per Capita income calculated?
Assertion (A): The term ‘economic development’ refers to the overall growth of all sectors of
the economy.
Reason (R): By adoption of new technologies.
Define Purchasing Power Parity.
