What is a key reason why different people have varying notions of development?

Because life situations of persons are different.

Because people have different education levels.

Because people live in different countries.

Why is it crucial to consider income distribution along with average income when evaluating the development of a society?

Income distribution affects overall economic performance.

It helps in understanding how evenly income is shared among the population.

Average income alone reflects the true economic conditions of a country.

Income distribution has no impact on development.

What is one reason why the World Bank’s per capita income criterion for classifying countries has limitations?

It includes only economic factors.

It does not account for income distribution.

It considers environmental factors.

It measures non-monetary aspects.

Which of the following is a limitation of using per capita income as the sole measure of development?

It does not measure GDP growth.

It ignores differences in cost of living and income inequality.

It includes non-economic factors.

It only considers employment rates.

In the context of human development, why might a country with a lower per capita income rank higher in terms of human development index (HDI)?

Due to better healthcare and education.

Why might a country’s average income increase without improving the economic conditions for all sections of its population?

Due to increased income of the richest individuals while others remain poor.

Due to decreased overall employment rates.

Due to increased costs of living for all.

Due to better international trade agreements.

What is one of the major differences between the World Bank’s and the UNDP’s measures of development?

The World Bank uses only per capita income, while the UNDP includes health and education factors.

The World Bank focuses on environmental factors, while the UNDP does not.

The UNDP uses only economic output as a measure.

The World Bank considers cultural factors, while the UNDP does not.

How does the use of averages sometimes mask disparities within a population?

By averaging out individual variations and not reflecting income distribution.

By including only economic data without considering social aspects.

By focusing solely on historical data.

By comparing multiple countries without normalization.

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