CBSE Class 10 Answered

Compare different countries or states

• To determine whether the country is developed or underdeveloped, one needs to consider the characteristics of a country.
• Consider income as one of the important attributes to compare countries.
• If a country has a higher income level than other countries, then it is said to be a well-developed country.
• Therefore, the average income or the per capita income of a country is measured to compare the developmental status of different nations.

For example

• Countries with per capita income of Rs 4,53,000 per annum and above in 2004 are called high-income countries, and countries with per capita income of Rs 37,000 or less are called low-income countries. 
• In 2004, India was considered a low-income country because its per capita income was just Rs 28,000.