1.

What are the two basic tools used for comparing an underdeveloped country with a developed one? What organisations developed these tools?​

Answer»

The average or per CAPITA income is the main criterion for COMPARING a developed country with an underdeveloped one.
Countries with per capita income of Rs 4,53,000 per annum and above in 2004 are CALLED high-income countries, and countries with per capita income of Rs 37,000 or less are called low-income countries.
In 2004, India was considered a low-income country because its per capita income was just Rs 28,000. In 2006, the World Development REPORT to classify countries was BASED on the average income criterion.



Discussion

No Comment Found

Related InterviewSolutions