- Why averages are useful for comparison?
- Whats does average mean?
- Why is total income not used for comparing countries?
- How is the development of a country determined?
- Where do we use averages?
- Why average income is an important criterion for development?
- Why do we use averages are there any?
- What are the three notions of development?
- Why do we take average income to compare two countries?
- Why it is important to compare the development of countries?
- What is the main criterion used by the world?
- How do we compare different countries?
- Which is the most important attribute for comparing the development of countries?
- Why is per capita income important for development?
- Why do we use averages to compare the development of countries what are the limitation in using it explain?
Why averages are useful for comparison?
Explanation: The use averages are important for making comparisons between two subjects or quantities of commodities.
But invariably there are certain disparities which do not get highlighted.
The disparity in averages refer to the diversity on the comparisons which are taken into account..
Whats does average mean?
In colloquial language, an average is a single number taken as representative of a list of numbers. Different concepts of average are used in different contexts. Often “average” refers to the arithmetic mean, the sum of the numbers divided by how many numbers are being averaged.
Why is total income not used for comparing countries?
2 Answers. Since countries have different population, comparing total income will not tell us what an average person is likely to earn.
How is the development of a country determined?
The development of a country is measured with statistical indices such as income per capita (per person), gross domestic product per capita, life expectancy, the rate of literacy, freedom index and others.
Where do we use averages?
We use averages because they are useful for comparing differing quantities of the same category. For example, to compute the per capita income of a country, averages have to be used because there are differences in the incomes of diverse people.
Why average income is an important criterion for development?
It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the rising standard of living. Prosperity of a country depends not only on its national income but also on the number of people who would share it.
Why do we use averages are there any?
Answer: We use averages as they are useful for comparing differing quantities of the same category. … There are limitations of calculating averages because this does not give any information about the distribution of a thing between people.
What are the three notions of development?
Three attributes for comparing the notions of development among the countries are:Per capita Income: It is the average income of the people of the country in a year. … Literacy Level: It is an important criteria of development as high literacy level of the people gradually leads the countries on the path of development.More items…•
Why do we take average income to compare two countries?
This is because even though both the countries have an identical average income, country A is preferred because it has more equal distribution. In this country, people are neither very rich nor extremely poor, while most of the citizens in country B are poor, and one person is extremely rich.
Why it is important to compare the development of countries?
There is need for comparison of development among different countries. This is there to ensure that there is stable competition and it helps to note the country that are lagging behind as others keep on progressing.
What is the main criterion used by the world?
Answer Per Capita Income is the main criterion used by the World Bank in classifying different countries. The limitation of this criterion are: • It doesn’t show distribution of income. It also ignores other factors such as infant mortality rate, literacy level, healthcare, etc. 5.
How do we compare different countries?
To determine whether the country is developed or underdeveloped, one needs to consider the characteristics of a country.Consider income as one of the important attributes to compare countries.If a country has a higher income level than other countries, then it is said to be a well-developed country.More items…•
Which is the most important attribute for comparing the development of countries?
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.
Why is per capita income important for development?
In the broadest sense, per capita income matters because it serves as a measurement of the stability and wealth within an economy. Per capita income is a ratio of the amount of all a region’s income divided by its population.
Why do we use averages to compare the development of countries what are the limitation in using it explain?
(i) Averages are used for better understanding. (ii) For comparison between countries, total income is not very useful. … Limitation: Average income does not depict how the income is distributed among the people. Some may be very rich but the masses may be poor.