ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
High Income Countries use a higher proportion of water on ____
A
____ agriculture
B
____ domestic
C
____ industry
D
None of the above
Explanation: 

Detailed explanation-1: -Higher levels of gender equality, low birth rates and population growth, high employment levels, high levels of education, developed social security systems, developed health systems, access to technology, developed legal systems.

Detailed explanation-2: -Low-income countries are those with $1, 025 per capita GDP per year; middle-income countries have a per capita GDP between $1, 025 and $12, 475; while high-income countries have over $12, 475 per year per capita income.

Detailed explanation-3: -The worldwide highest income is earned in Monaco. The smallest budget per capita exists in Afghanistan. In our comparison over 69 countries, the USA comes 7th with an average income of 70, 930 USD. The average income is calculated by gross national income and population.

Detailed explanation-4: -Disposable Income Per Capita Defined. United States. Luxembourg. Switzerland. Germany. Australia. Norway. Austria. More items

There is 1 question to complete.