Per Capita

The factors that have to be taken into account when using ‘income per capita’ at the point when looking at salary per capita between nations, we need to have a typical base measure to think about wage per capita in diverse nations to get more exact result. The data that has been gathered in the local currency has to be converted to the most used currency in order to compare, using US dollars as an example. Income per capita does not show how the country’s income is being divided. It also does…

Gross Domestic Product (GDP) per capita, demonstrate the income inequality and total output of a country per person, respectively. The more equal a country’s income distribution is within its population, the lower its Gini Index, however the more unequal a country’s income distribution, the higher it’s Gini Index will be (Central Intelligence Agency). The Dominican Republic, Denmark, and Russia illustrate an interesting relationship between Gini Index and GDP per capita. The Gini Indices for the…

We have talked a lot about political institutions as a way for a country to increase per capita income, and although that is very important, economic institutions are often as big of a factor. I’m a strong believe that in order to see sustained increase in development strong political institutions need to be in place. With that being said economic institutions play a huge role in the long-term success of sustained development. In Friedman’s Capitalism and Freedom, he argues that economic freedom…

the highest and lowest components were PET and ferrous metals respectively. Table 6 shows per-capita weight of tourists' waste in different cities of Mazandaran. As it can be seen, the per-capita waste produced by tourists is 633 to688 gr per day. According to studies conducted in Mazandaran province, the per-capita waste of citizens is between 685 to 896 gr per day in this province [34]. So, the per-capita waste of tourists is almost the same as the natives' one. Due to more activity during the…

60972 as per 2011-12 estimation. According to the latest figures released by government Goa leads the country with per capita income of Rs. 1,92,652/-, while Bihar has the lowest with a per capita income of only Rs. 24,681/-. An average Goan earns 6 times more than an average Bihari. As per latest 2012 figures, Delhi comes in second after Goa with Per capita income of Rs. 1,75,812 followed by Chandigarh 1,28,634 & Haryana 1,09,227. If we compare this figure with per capita income of other…

Sub-Saharan Africa based on the Grossman model (1972). The paper used social, economic, and environmental factors as inputs of the production function. Those factors are represented by income per capita, illiteracy rate, food availability, ratio of health expenditure to GDP, urbanization rate, and carbon dioxide emission per worker. The output of the production function is health status measured by life expectancy at birth. The study estimates the parameters of the function based on two methods:…

to a decrease in human welfare. Based on the data that Fukumoto and Muto found, per capita urban household income has not risen as rapidly as per capita GDP during the past few years. This prohibits China from pursuing its economic goal, which is to increase the living standard. One possible reason to explain this increasing disparity between per capita urban household income and per capita GDP is that the per capita GDP is calculated by the ratio of total GDP over the population. Unlike the…

The current state of Singapore’s economy and its rank in the international economy is compared to those of South Korea, Taiwan, and Hong Kong. Data on Singapore’s economic freedom, gross domestic product (GDP) per capita, gross national income (GNI) per capita, and economic productivity is compared to the other Asian Tigers. According to the Heritage Foundation’s 2015 Index of Economic Freedom, Singapore has an economic freedom score of 89.4, making it’s the second freest economy…

disabled or homeless, only an insignificant wage of US$3.85 quarterly for those over 65 years of age (very close to the Bangladesh life expectancy). Australia and Bangladesh have more differences than similarities. Australia has a much higher GDP PPP per capita and has an improved quality of life and a better environmental sustainability, although Bangladesh is taking action to improve these factors and their economy is growing steadily. The Australian government intervenes at a much greater…

The world bank defines moderate poverty as living on less than $2.00 USD per day while extreme poverty is defined as living on less than $1.25 USD per day per day. It has been estimated that in 2008, 1.5 million households in America lived on less than 2.00 USD a day qualifying these families or individuals for moderate poverty. While it seems almost impossible for…