Economics 9708 · AS & A Level · National income statistics

National income statistics — practice question

(a)[12]

Conventional estimates of national income showed that average income per head from 2009 to 2013 was US$98 780 in Norway and US$36 900 in New Zealand. Consider whether this implies that the standard of living in Norway is almost three times that in New Zealand.

(b)[13]

Norway and New Zealand are classified as developed countries. Make a judgement on what are the key distinguishing differences between a developed country and a developing country.

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