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Which of the following properties of income is the text emphasizing as important in comparing two or more societies, besides the size of per capita income?
Which of the following properties of income is the text emphasizing as important in comparing two or more societies, besides the size of per capita income?
- The distribution of income among the population. (correct)
- The proportion of income spent on consumption versus savings.
- The sources of income (e.g., wages, profits, rent).
- The rate of income growth over time.
According to the given information, which of the following is NOT a reason why country A is preferred over country B, despite having identical average incomes?
According to the given information, which of the following is NOT a reason why country A is preferred over country B, despite having identical average incomes?
- In country B, most citizens are poor and one person is extremely rich.
- Country B has a higher overall average income than country A. (correct)
- Country A has no citizens that are very rich or extremely poor.
- Country A has a more equitable distribution of income among its citizens.
Which of the following is NOT given as an example where an average is used for comparing situations?
Which of the following is NOT given as an example where an average is used for comparing situations?
- Comparing the average monthly incomes of two countries.
- Comparing the average number of hours worked per week in two different jobs. (correct)
- Comparing the average test scores of two classrooms.
- Comparing the average lifespan of two populations.
Why does the text suggest that average income is an important criterion for development?
Why does the text suggest that average income is an important criterion for development?
Suppose the records show that the average income in a country has been increasing over a period of time. Which of the following conclusions can be drawn from this information?
Suppose the records show that the average income in a country has been increasing over a period of time. Which of the following conclusions can be drawn from this information?
Based on the information provided, which of the following is the LEAST likely factor that would influence a person's choice of where to live between the two countries?
Based on the information provided, which of the following is the LEAST likely factor that would influence a person's choice of where to live between the two countries?
What might be a factor influencing a person to choose a job with less pay but regular employment?
What might be a factor influencing a person to choose a job with less pay but regular employment?
In the context of development goals, what could be a reason for women to engage in paid work?
In the context of development goals, what could be a reason for women to engage in paid work?
Why is job security important when considering employment options?
Why is job security important when considering employment options?
Which factor might lead to an individual accepting a job with high pay but no job security?
Which factor might lead to an individual accepting a job with high pay but no job security?
In the context of development, what contributes to more women taking up various jobs or starting businesses?
In the context of development, what contributes to more women taking up various jobs or starting businesses?
Why do people have different notions of development according to the text?
Why do people have different notions of development according to the text?
What is the primary reason why total income is not a useful measure for comparing countries?
What is the primary reason why total income is not a useful measure for comparing countries?
Which term is synonymous with 'average income' as mentioned in the text?
Which term is synonymous with 'average income' as mentioned in the text?
Why are the rich countries generally called developed countries excluding some nations?
Why are the rich countries generally called developed countries excluding some nations?
What is one aspect that 'averages' might hide, making them less informative in certain contexts?
What is one aspect that 'averages' might hide, making them less informative in certain contexts?
How does per capita income differ from total income when comparing countries?
How does per capita income differ from total income when comparing countries?
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