Economics
In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?
Related Questions
Assume there are four families in a country. The average per capita income of these families is Rs 5000. If the income of three families is Rs 4000, Rs 7000 and Rs 3000 respectively, what is the income of the fourth family?
- Rs 7500
- Rs 3000
- Rs 2000
- Rs 6000
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
Why do we use averages? Are there any limitations to their use? Illustrate with your own examples related to development.
Kerala, with lower per capita income has a better human development ranking than Haryana. Hence, per capita income is not a useful criterion at all and should not be used to compare states. Do you agree? Discuss.