Sri Lanka has an HDI of 73 which is much higher than Bangladesh, Nepal and Pakistan which have 139,145 and 147 respectively. For more answers visit to website: https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Sri Lanka has an HDI of 73 which is much higher than Bangladesh, Nepal and Pakistan which have 139,145 and 147 respectively.
The main criterion used by the World Bank in classifying different countries Per Capita Income. The limitations of this criterion are mentioned below: • Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income. • It also doesn’t account fRead more
The main criterion used by the World Bank in classifying different countries Per Capita Income. The limitations of this criterion are mentioned below:
• Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income.
• It also doesn’t account for various other factors such as infant mortality rate, literacy level, healthcare, etc.
• Since the population is large, per capita income does not reveal true numbers as the population which does not earn at all like children and the senior citizens are also included while calculating per capita income. National income rises but its distribution makes the rich richer and the poor poorer.
World bank only relies on single factor i.e. per capita income for measuring economic development whereas UNDP takes into account many other factors like infant mortality, healthcare facility education level which help aids in improving the quality of life and helps in making the citizens more produRead more
World bank only relies on single factor i.e. per capita income for measuring economic development whereas UNDP takes into account many other factors like infant mortality, healthcare facility education level which help aids in improving the quality of life and helps in making the citizens more productive. India was ranked 135 amongst other countries as per HDI – 2014. On the other hand, the World Bank uses per capita income as the sole criterion for measuring development and classifying the countries as rich and poor. Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income.
Average is a useful tool for making comparison of different quantities of the same category. For example, we use averages to compute the per capita income of a country because of the there are differences in the incomes of diverse people. However, there are limitations to the use of averages. This dRead more
Average is a useful tool for making comparison of different quantities of the same category.
For example, we use averages to compute the per capita income of a country because of the there are differences in the incomes of diverse people. However, there are limitations to the use of averages. This does not show the distribution of thing between people. For an example, suppose in a country, the annual income of a fruit vendor is ₹50,000 while an MNC employee earns an annual package of ₹6,00,000. The average income of this country, therefore, will be ₹3,25,000. Both the individuals have a big difference in income but the average gives a misleading picture. The actual income or status remains unknown. One can clearly consider this as a rich country thereby ignoring the income disparity between two individuals. Averages are useful for comparison; they also hide disparities.
No, I disagree with the statement that per capita income is not a useful criterion at all. Kerala, with lower per capita income has a better human development ranking than Maharashtra because human development ranking is determined considering combinations of other important factors such as health,Read more
No, I disagree with the statement that per capita income is not a useful criterion at all. Kerala, with lower per capita income has a better human development ranking than Maharashtra because human development ranking is determined considering combinations of other important factors such as health, education and income. So, this does not imply that per capita income is not useful. Rather, per capita income is one of the development factors amongst various other factors present and cannot be left out. Per capita income is used as the criterion by the World Bank but this criterion has certain limitations due to which considering other factors like health, education and income becomes necessary. The rate of population growth being higher than the rate of growth of national income will lead to decline in per capita availability of goods and services and economic welfare.
Which of the following neighboring countries has better performance in terms of human development than India?
Sri Lanka has an HDI of 73 which is much higher than Bangladesh, Nepal and Pakistan which have 139,145 and 147 respectively. For more answers visit to website: https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Sri Lanka has an HDI of 73 which is much higher than Bangladesh, Nepal and Pakistan which have 139,145 and 147 respectively.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
What is the main criterion used by the World Bank in classifying different countries? What are the limitations of this criterion, if any?
The main criterion used by the World Bank in classifying different countries Per Capita Income. The limitations of this criterion are mentioned below: • Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income. • It also doesn’t account fRead more
The main criterion used by the World Bank in classifying different countries Per Capita Income. The limitations of this criterion are mentioned below:
• Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income.
• It also doesn’t account for various other factors such as infant mortality rate, literacy level, healthcare, etc.
• Since the population is large, per capita income does not reveal true numbers as the population which does not earn at all like children and the senior citizens are also included while calculating per capita income. National income rises but its distribution makes the rich richer and the poor poorer.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
In what respects is the criterion used by the UNDP for measuring development different from the one used by the World Bank?
World bank only relies on single factor i.e. per capita income for measuring economic development whereas UNDP takes into account many other factors like infant mortality, healthcare facility education level which help aids in improving the quality of life and helps in making the citizens more produRead more
World bank only relies on single factor i.e. per capita income for measuring economic development whereas UNDP takes into account many other factors like infant mortality, healthcare facility education level which help aids in improving the quality of life and helps in making the citizens more productive. India was ranked 135 amongst other countries as per HDI – 2014. On the other hand, the World Bank uses per capita income as the sole criterion for measuring development and classifying the countries as rich and poor. Per capita income can be a useful tool for comparison but it is not accurate enough to show the distribution of income.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
Why do we use averages? Are there any limitations to their use? Illustrate with your own examples related to development.
Average is a useful tool for making comparison of different quantities of the same category. For example, we use averages to compute the per capita income of a country because of the there are differences in the incomes of diverse people. However, there are limitations to the use of averages. This dRead more
Average is a useful tool for making comparison of different quantities of the same category.
For example, we use averages to compute the per capita income of a country because of the there are differences in the incomes of diverse people. However, there are limitations to the use of averages. This does not show the distribution of thing between people. For an example, suppose in a country, the annual income of a fruit vendor is ₹50,000 while an MNC employee earns an annual package of ₹6,00,000. The average income of this country, therefore, will be ₹3,25,000. Both the individuals have a big difference in income but the average gives a misleading picture. The actual income or status remains unknown. One can clearly consider this as a rich country thereby ignoring the income disparity between two individuals. Averages are useful for comparison; they also hide disparities.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
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.
No, I disagree with the statement that per capita income is not a useful criterion at all. Kerala, with lower per capita income has a better human development ranking than Maharashtra because human development ranking is determined considering combinations of other important factors such as health,Read more
No, I disagree with the statement that per capita income is not a useful criterion at all. Kerala, with lower per capita income has a better human development ranking than Maharashtra because human development ranking is determined considering combinations of other important factors such as health, education and income. So, this does not imply that per capita income is not useful. Rather, per capita income is one of the development factors amongst various other factors present and cannot be left out. Per capita income is used as the criterion by the World Bank but this criterion has certain limitations due to which considering other factors like health, education and income becomes necessary. The rate of population growth being higher than the rate of growth of national income will lead to decline in per capita availability of goods and services and economic welfare.
For more answers visit to website:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/