question_answer 1)

1. Give three examples where an average is used for comparing situations.   2. Why do you think average income is an important criterion for development? Explain.   3. Besides size of per capita income, what other property of income is important in comparing two or more societies?    4. Suppose records show that the average income in a country has been increasing over a period of time.    5. From the text, find out the per capita income level of middle-income countries as per WDR 2006.   6. Write a paragraph on your notion of what should India do, or achieve, to become a developed country.

Answer:

1. Average income of two countries, average speed of two vehicles over a distance, average height of the students in two different classes of a school. 2. It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the rising standard of living. Prosperity of a country depends not only on its national income but also on the number of people who would share it. In case the number of people is large, the average income will be less. This is the case in India.  3. Average income, i.e., per capita income is important but not the only criterion for development. Along with average income, equitable distribution of income in a country should also be considered. 4. All sections of the economy have become better cannot be concluded because different sections of She economy may have become better or worse. An example is the current situation in India, where the average income has increased every years; the services sector has increased very much, but agriculture is having virtually no growth.    5. Per capita income level of middle income countries as per WDR 006 was between ` 37,000 and ` 4,53,000 per annun.   6. To become a developed sovereign state, India should achieve the following—   (a) A highly developed economy.   (b) Have advanced infrastructure facilities like better roads, better telecom network, better transportation facilities, etc.   (c) Higher per capita income, matching that of other developed countries.   (d) A higher general standard of living with enough food to feed the poorest people adequately.   (e) The service sector should provide more wealth / income than the industrial or agricultural sector.