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Economic Growth in a Democracy

why is middle...

Question

why is middle east countries are not considered in the category of developed country even though it has high per capita income?

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Solution

Per Capita income is not the sole determining factor of development. Along with income, security, health, education etc other factors that influence development.

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Q. Countries whose per capita income is more than _________ are considered as part of high income group.

Q. Why is per capita income not an adequate indicator of the economic development of a country?

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.

Country	Population (in thousands)	Per capita income (in rupees)
X	10	20,000
Y
Z	20	10,000

Q. Which of the following neighbouring country has "high" per capita income?

India has now emerged as a high per capita income country.

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