how to compare different countries or states

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For comparing countries, their income is considered to be one of the most important attributes.

For comparing countries, their income is considered to be one of the most important attributes. Countries with higher income are more developed than others with less income. how to compare different countries or states This is based on the understanding that more income means more of all things that human beings need. Whatever people like, they will be able to get it with greater income.So, the greater income itself is considered to be one important goal. Now, what is the income of a country? Intuitively, the income of the country is the income of all the residents of the country. This gives us the total income of the country.However, for comparison between countries, total income is not such a useful measure. Since, countries have different populations, comparing total income will not tell us what an average person is likely to earn. Are people in one country better off than others in a different country? To answer it, we compare the average income which is the total income of the country divided by its total population.

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