The major economic attribute for comparing countries is their:
Income
Identifying the Major Economic Attribute for Country Comparison
The question asks to identify the primary economic attribute used when comparing countries.
Analyzing the Options
- Income: Measures like Gross Domestic Product (GDP) per capita and Gross National Income (GNI) per capita are fundamental indicators of a country's economic output and wealth. These are direct measures of economic performance.
- Human Development Index (HDI): While HDI includes income as a component, it also incorporates health (life expectancy) and education factors. It's a broader measure of development, not purely economic.
- Population: This is a demographic factor. While important for context (e.g., calculating per capita figures), it is not an economic attribute itself for comparison.
- Mortality Rate: This is a public health indicator reflecting the health status of a population, not a primary economic attribute.
Conclusion on Economic Attribute
Income provides the most direct and widely accepted measure for comparing the economic status and performance of different countries.
Correct Answer Explanation
Therefore, Income is the major economic attribute for comparing countries.
Similar Questions
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
India’s GDP growth in 2017 was:
In Economic terms, Globalization is the process of rapid ______ between countries.
Belief in the primary importance of the self, the virtues of self-reliance and personal independence is referred to as _______ in Economics.
Important Questions from Economy
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
India’s GDP growth in 2017 was:
