Page 1 - HOW TO COMPARE DIFFERENT COUNTRIES AND STATES
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SAI INTERNATIONAL SCHOOL

                                          HOME ASSIGNMENT NO . 3
               SUBJECT – ECONOMICS                        CHAPTER – DEVELOPMENT
               TOPIC- HOW TO COMPARE BETWEEN COUNTRIES AND STATES

                 Q.      Questions                                                                Marks
                 No.
                 1       What is the main criterion used to classify countries as developed or    1
                         underdeveloped?
                         a) Population size
                         b) Per capita income
                         c) Health care availability
                         d) Education levels
                 2       Which of the following countries would be considered a low-income        1
                         country based on the provided classification?
                         a) A country with per capita income of US$ 10,000
                         b) A country with per capita income of US$ 2,000
                         c) A country with per capita income of US$ 49,300
                         d) A country with per capita income of US$ 6,700
                 3       Why is total income not a useful measure for comparing countries?        1
                         a) It does not show how income is distributed
                         b) It does not consider a country’s population
                         c) It is difficult to calculate
                         d) It only considers government income
                 4       What is the significance of per capita income when comparing countries?   2
                 5       What are the limitations of using average income to compare countries?   2
                 6       Explain the classification of countries based on per capita income in the   2
                         World Development Reports.
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