1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LiRa [457]
8 months ago
12

Why do you think average income is an important criterion for development explain.

Business
1 answer:
oee [108]8 months ago
7 0

Average income is important because it tells us the income of an average person and gives an idea about the rising standard of living of people.

Average income is basically income earned per person in a given area in a specific year. More income means more money to fulfill your needs and wants. It is believed that the prosperity of a country depends on it. Money is considered an important factor in the development of a country. If the average income of a country increases there are chances of an increase in the development of that country. If the average income is lower there are fewer chances of development.

A country with high average income is considered rich and low average income country is considered poor. The World Bank also uses the average income to measure the development of any country. Therefore average income is considered a very important criteria for development.

You can learn more about average income at

brainly.com/question/15046941

#SPJ4

You might be interested in
What actions do you think a multinational firm can take to limit the impact of future crises in the global financial system on t
Naddik [55]

Answer:

A Multinational Company will bound the effect of upcoming disasters within the international economic system on the flexibility of the firm to lift investment to recompense its short-run expenses and fund long run funds in the subsequent methods:

  • Confirm that the corporate is cost-effective and collapse resistant by differentiating into artifact parts that are pledge diurnal to the most line of the corporation. Maybe, throughout the world money crisis, the upper education phase did well as variety of dismissed wished to upgrading their abilities or re-skill themselves. College conscription enlarged throughout the world money crisis.
  • Expand geologically in terms of markets, provide foundations, plant positions and then on, so just in case sure economies are consuming inactive development, others will compose. Throughout the world money crisis, the expansion in China and Asian country failed to get exaggerated.
  • Use obligation providentially so the corporate isn't over leveraged.
  • Have a vigorous record and make sure that satisfactory money assets are there with the corporate to require care of adverse times.
  • Be complex to tuned in to international economic circumstances and appearance for early cautionary marks of an at hand crisis.

6 0
3 years ago
​Wellness, a healthy living​ magazine, collected in subscription revenue on May 31. Each subscriber will receive an issue of the
PIT_PIT [208]

Answer: $220,000

Explanation:

Using the Accrual Method of Accounting means that revenue is only to be recorded when it is earned i.e. when services have been delivered.

Any revenue received when the services have not been delivered will be recorded as Unearned Revenue.

With $528,000 in subscription revenue, the monthly subscription is;

= 528,000/12

= $44,000

From June to December would be 7 months so they would have earned;

= 44,000 * 7

= $308,000

The amount that they have not earned but have received would therefore be;

= 528,000 - 308,000

= $220,000

<em>This amount will be recorded after they finish deliveries of magazines in next year May. </em>

7 0
3 years ago
Which of the following is a true​ statement? A. Adverse selection occurs after a transaction has taken place in insurance market
Salsk061 [2.6K]

Answer:

C

Explanation:

FDIC gives insurance to depositors. it promises to pay  back a certain amount of the deposits of a banks customers in the case where a bank fails. As a result of this insurance banks have a greater incentive to take on more risky projects because they know that their customers would be protected even the project goes sour and the bank fails.

Due to the services of the FDIC, less depositors have lost money when a bank fails because of the insurance services they provide to depositors.

8 0
2 years ago
Harry forms the Nectarine Corporation during the 2019 tax year. To form the corporation, Harry transfers assets having a fair ma
Maksim231197 [3]

Answer:

150000

Explanation:

The question says that Harry received a fair market value = 450000 dollars

Meanwhile he transferred 650000 dollars of assets

Fair value of assets = 650000 - 200000 = 450000

Harry's adjusted basis = 350000

Therefore the share received will be:

350,000 - 200,000

= 150,000 dollars.

Harry's basis in the stock received from the corporation is $150,000.

Thank you!

5 0
2 years ago
Theresa​ Corporation, which manufactures​ baskets, is developing direct labor standards. The basic direct labor rate is​ $21.00
wel

Answer:

Standard rate per direct labor hour is $27.1

Explanation:

Standard rate per direct labor hour includes the hourly pay rate, Payroll taxes and fringe benefits. For Theresa Corporation,

We have given that

Basic direct labor rate is $21.00 per hour

Payroll Taxes is 10% of basic direct labor rate i.e. 10% of $21.00 = $2.10 per hour

Fringe Benefits is $4.00 per hour.

So Standard rate per direct labor hour = $21.00 + $2.10 + $4.00 = $27.1

4 0
3 years ago
Other questions:
  • A fast-food restaurant serves hamburgers, cheeseburgers, and chicken sandwiches. The restaurant counts a cheeseburger as equival
    15·1 answer
  • Name some skills an accessory designer has to have that a sales representative does not.
    6·1 answer
  • As an outcome for exceptional performance, Jeffery was provided the opportunity to make a highly visible presentation to the boa
    7·1 answer
  • Gem Corporation is a new company and obtains financing by issuing common stock to investors for $30,000. During the year, Gem ea
    5·1 answer
  • Discuss porter 1980 model and what its relationship with the management of procurement?
    12·1 answer
  • Who likes juice wrld
    11·2 answers
  • Money does what it does. Explain
    14·1 answer
  • Which of the following is the best example of an ethical statement?
    11·1 answer
  • Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations
    13·1 answer
  • How does opportunity cost affect decision making
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!