The World Bank has developed an index known as the Green Index.
This index measures a nation’s wealth by using a new system.
The new system attaches a dollar value to each of the three components:
i) produced assets
ii) natural resources and
iii) human resources.
It puts a price tag on produced assets, the sum of all machinery, factories, roads and other infrastructure. It assigns an economic value to land, water, timber, minerals and all other natural resources. It looks at the human resources available, the education level, and the range of skills. It then calculates the true estimate of a country’s wealth, taking into account all such resources which do not always show up on traditional economic indicators. On ‘Green Index’, India with a per capital wealth of $4,300 is ranked 20th from the bottom among a group of 192 countries, while Australia at $83,500 tops the list and Ethiopia at $1,400 appears at the bottom.
The world average is at $86,000.
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Good effort!
Good effort..
Great work