CBSE · Class 10 · Social Science · Economics: DevelopmentWhat is the most important component for comparing development of different countries according to the World Bank?
Step-by-Step Solution
Income is considered to be one of the most important attributes for comparing countries. Countries with higher income are more developed than others with less income. This is based on the understanding that more income means more of all things that human beings need.
Detailed Options Breakdown
Option : Per capita income (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 1: Total population
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
Option 2: Literacy rate
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
Option 3: Mortality rate
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Development.
💡 Study Guide: This question tests core syllabus concepts from Economics: Development. For formulas, key summaries, and mock exam reference guides, read the full Economics: Development Revision Notes.