Questions and Answers
What is the purpose of comparing per capita income of countries?
What is the threshold per capita income to classify a country as high-income according to the World Development Report 2019?
Which of the following states has the lowest per capita income according to the data provided?
What is the literacy rate of Kerala according to the data provided?
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Why is per capita income not the only criterion for measuring development?
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What is the formula to calculate per capita income?
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What is the composite index prepared by the United Nations Development Programme (UNDP)?
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In which year was India considered a low-income country according to the data provided?
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What is the main aim of development?
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What is development defined as?
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Why may development be detrimental to some people?
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What is one of the characteristics to compare countries?
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What does the quality of life depend on?
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Why may women work in a variety of jobs or start a business?
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What determines whether a country is developed or underdeveloped?
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What is measured to compare the developmental status of different nations?
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Study Notes
Development
- Development involves working towards a better life and achieving goals, but what constitutes development can vary from person to person.
- It is defined as economic growth accompanied by the growth of basic needs like education, health, and lifestyle.
Goals of Development
- People generally desire regular work, better wages, and a good price for their crops.
- Apart from income, people also want a better quality of life, which includes non-material aspects like equal treatment, security, respect, and freedom.
National Development
- The concept of national development can vary and conflict from person to person.
- A country's developmental status can be determined by its characteristics, with income being an important attribute.
- A country with a higher income level is considered more developed than one with a lower income level.
Per Capita Income
- Per capita income is the total income of a country divided by its total population.
- It is used to compare the developmental status of different countries.
- Countries with a per capita income of US49,300perannumandaboveareconsideredhigh−incomeorrichcountries,whilethosewithapercapitaincomeofUS 49,300 per annum and above are considered high-income or rich countries, while those with a per capita income of US49,300perannumandaboveareconsideredhigh−incomeorrichcountries,whilethosewithapercapitaincomeofUS 2500 or less are considered low-income countries.
- In India, in 2004, the per capita income was Rs 28,000, making it a low-income country.
Per Capita Income of Select States
- Haryana had a per capita income of Rs 2,03,340 in 2017-18.
- Kerala had a per capita income of Rs 1,84,000 in 2017-18.
- Bihar had a per capita income of Rs 38,631 in 2017-18.
Income and Other Criteria
- While Haryana would be considered the most developed state based on per capita income, it is not true when considering other criteria like literacy rate and mortality rate.
- Kerala had the highest literacy rate of 93.9% among these states.
Human Development Index
- It is a composite index prepared by the United Nations Development Programme (UNDP).
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Description
Explore the concept of development, including its meaning, goals, and impact on people's lives. Learn how development can be defined and measured, and its importance in achieving a better life.
