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Disadvantages of GDP

Country A and...

Question

Country A and country B have the same total income. Hence, both are equally developed.

A

False

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B

True

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Solution

The correct option is A False

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Q. Countries that have a lower income than developed countries are referred to as developing countries.

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Q. On the basis of the given table, what would be the population and per capita income of country Y? Consider Y to be the least developed country, and per capita income to be the only criteria for development. Also, consider all the three countries to have the same total income.

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Y
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Country A banned imports from country B because the producers of country B dumped cheaply priced products in country A.

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