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High level of per capita income i.e. total income of the country divided by its total population is one of the most important attribute of developed country.Answer: For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. … The average income is also called per capita income.Answer. The most important attributes while comparing development of different countries are per capita income.
What is considered to be one of the most important attribute when?
Answer: For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. … The average income is also called per capita income.
Which is the most important attribute for measuring the development of countries * 1 point?
Answer. The most important attributes while comparing development of different countries are per capita income.
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What defines a developed country?
A developed country—also called an industrialized country—has a mature and sophisticated economy, usually measured by gross domestic product (GDP) and/or average income per resident. Developed countries have advanced technological infrastructure and have diverse industrial and service sectors.
Which is the most developed country in the world?
The United States was the richest developed country on Earth in 2020, with a total GDP of $20.95 billion. China was the richest developing country on Earth in 2020, with a total GDP of $14.72 billion.
What is the most important attribute for the country?
The Correct Answer is income. In order to compare the development of nations, the income of the countries is always considered to be one of the most important attributes.
Which of the following is the most important attribute for comparing the development of countries?
National income is one of the most important attributes for comparing the development of countries but is still not a very useful measure.
Which is the most important attribute for development?
Income per capita is the most important attribute for national development.
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what is single most important attribute of a developed country??
High level of per capita income i.e. total income of the country divided by its total population is one of the most important attribute of …
Developed Economy Definition – Investopedia
A developed economy is one with sustained economic growth, security, high per capita income, and advanced technological infrastructure.
Which is the single most important attribute of a developed country?
Which is the single most important attribute of a developed country? High level of per capita income i.e. total income of the country divided by its total …
Which is the most important attribute to compare country?
High level of per capita income i.e. total income of the country divided by its total …
Which is the most important attribute for measuring the development of countries a health b Poverty C income D none of these?
(c) AVERAGE INCOME is the most important attribute for comparing the development of countries…..
What is the most important component for comparing different countries?
Answer. per capita income is the most important components for comparing different countries.
What are the characteristics of a developed country?
- Human Development Index.
- Per Capita Income.
- Industrialization.
- Political Stability.
- Freedom.
- Better Living Standards.
- Gross Domestic Product.
- Education.
What are the three features of a developed country?
i High per capita income ii High HDI iii Greater focus on economic growth rather than development. iv High standard of living. v Most of the population has access to basic healthcare and education. vi High quality of life parameter – including freedom equal opportunities etc.
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Which characteristics describe developed nations?
- Has a high income per capita. Developed countries have high per capita incomes each year. …
- Security Is Guaranteed. …
- Guaranteed Health. …
- Low unemployment rate. …
- Mastering Science and Technology. …
- The level of exports is higher than imports.
What is the most developed country and why?
The world’s most developed country is Norway with an Human Develop Index of 0.944. The economy of Norway is mixed and ever growing since the start of industrial era.
How do you become a developed country?
- Share resources. Obviously, the fewer resources an average family uses, the lower the nation’s ecological footprint. …
- Promote education. …
- Empower women. …
- Negotiate strategic political relations. …
- Reform the systems of food and aid distribution.
Is India developed country?
India is an emerging and developing country (EDC) found in southern Asia. It is the world’s largest democracy , and one of the world’s fastest growing economies.
Which among the following is the most important attribute of a successful?
If you want to succeed, learn the traits that will make you successful and plan on living them out every day. Be humble and great. Courageous and determined. Faithful and fearless.
What is the most important attribute for comparing countries Why is total income not used in its place?
Ans : Total income is not a useful measure for comparison between the two countries because it hides the disparities. It does not show how the income is distributed among the different sections of the society. It only shows the total income of the country.
Which of the following is considered the most important resource for national development?
Answer. Human beings are considered as an important resource because they make the best use of nature to create more resources.
Which of the following is the better criteria to know the development of a country?
The correct answer is Per Capita Income. The main criterion used by the World Bank in classifying different countries is the per capita income or average income of a person in a country. UNDP measures development on the parameters of education, health, and per capita income.
Which one of the following is not a feature of development country?
(d). High technology development is not a feature of a developing Country.
Which one of the following is the most important attribute while comparing the level of development?
For comparing the developmental level of different countries, their income is considered to be one of the most important attributes. The countries with higher income are more developed than others with less income. For comparison between countries, we consider the per capita income of each country.
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Which of the following countries rank above India in HDI?
| Country | Per Capita Income in US$ | HDI rank in the world |
|---|---|---|
| India | 3139 | 126 |
| Myanmar | 1027 | 130 |
| Pakistan | 2225 | 134 |
| Nepal | 1490 | 138 |
Which is the most common method of measuring economic development?
Economists and statisticians use several methods to track economic growth. The most well-known and frequently tracked is the gross domestic product (GDP).
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