CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Average Profit Method

What is a bet...

Question

What is a better measure to compare two countries income?

A

Average Income

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Total Income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Gross Income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Average Income
Average income is a better measure to compare two countries income.
Per capita income is the main criterion used by the World Bank in classifying different countries.

Suggest Corrections

thumbs-up

0

Similar questions

Q. In your point of view, which is a better measure to compare development between two countries? Explain.

Q. National income is one of the most important attributes for comparing the development of countries but is still not a very useful measure.

Q. Potentiometer is a better instrument for measuring EMF as compared to voltmeter because

[

]

Q. Which of the following measures allows us to compare the value of goods and services in different countries through a standardised basket of goods?

Q. What is the suitable measure for the comparison of development between two or more countries?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Valuation of Goodwill

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Average Profit Method

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon