Capita Income Between Two countries Review

Capita Income Between Two countries (Australia and Vietnam)

The aim f the paper is to analyze the different status of countries income and what causes the difference in income per capita. It will also look at the reasons why income per capital is not the absolute measure of income status between countries and the paper will as well look at what poor countries should do to improve their economic performances.

Per capita income is the average income for each person in a particular group or country. It is calculated in different entities from small groups to larger groups like a country. The Bureau of Economic Analysis computes per capita income based on total personal income, which includes items like wages, interests’ dividends, and government’s transfers. Income per capita used to compare economic conditions among different nations. Per capita income is used as a measure of prosperity not only among countries but individuals too.

The graph below shows the income per capita between Vietnam and Australia. Vietnam is relatively low as compared to the one of Australia.

Data was collected over 20-year period between Vietnam and Australia to show how the per capita income in these 2 countries has changed over time.

Economic growth is an increase or decrease in the value of goods and services produced in a certain geographical area as compared to an earlier time. Positive growth occurs when the value of a product or good is higher when compared to the previous year. Negative growth on the other hand is when the value is lesser than the year before. Economic is influenced by various factors such as factors of production, measures of productivity and indicators of the presence of fundamentals.

‘There are factors of production that influence economic growth within a country. These include; investment in Human Capital (includes all skills, talents, education, and abilities that human workers posses and the value that they bring to the market place e.g. writing skills, acting skills, talents in music etc.), an investment in capital goods (This involves all good that are produced in the country and then used to make other goods and services e.g. tools, factories, technology etc.)’ (Nake & Vassilev 2002) The more Capital goods a country has the more goods & services they are able to produce.

The other factor of production that influences economic growth is natural resources; these are all the things that are found in or on the earth. Examples of these include land, water, oil, plants, and minerals Natural resources are important because countries that have a lot of natural resources are able to use them to produce goods and services cheaply than those countries which have to import the natural resources. Lastly it is the entrepreneurship that is defined as the innovator and risk taker, maybe through starting own business, inventing something new, etc. Entrepreneurship creates jobs and lessens unemployment. A country with a lot of entrepreneurs is likely to have a higher GDP. It encourages people to take risks and in so doing they are able to come with unique commodities and services in different areas such as medical, sports, commerce industries etc. The presence or absence of these four factors determines the country’s Gross Domestic Product for that year.

Production is a process of combining various materials in order to come up with something for consumption. Productivity is a measure of output, and the most common use of productivity measures is to gauge economic level at the national level. Technology must be used in the production process. The production function is a simple description of the mechanism of economic growth.

Countries in the world have different levels of income with some doing very well, others moderate and others doing relatively poor. The income of a country simply means the value of that country’s production or output. The standard measure of a country’s income is based on Gross National Product (GNP) per capita or per head of population. ‘The GDP per capita and economic performance of Vietnam still remains far low when compared with that of Australia.’ Lynn R. (2002).

The fact that each country uses its own currency; this makes it impossible to compare one country with another. International conversions require conversion into a common currency for example $U.S., or other statistical measures that allow comparison. Hence this gives a similarity in the per capita income between countries. There is also the problem of data accuracy that is deemed to give a difference in per capita income between countries. ‘Some countries are not even capable of collecting properly accurate GNP and GNP per capita’ (Wolff. 2004). Composition of data does not always include the same information. For example Australia may include estimates for home grown food in their GNP, while Vietnam may exclude it.

‘There is also need to be considerate of the environmental differences that are likely to result in difference in per capita incomes between countries. This is one of the so-called uncontrollable factors unlike the controllable factors such as prices of goods, promotion, place and product.’ (Faria, 2006). The income per capita also does not put into consideration other factors except those that are economic. It does not put into considerations such factors as health, and the different purchasing powers. Beside that countries need to be aware that the population of the country is also likely o give different out puts hence not a good measure of income per capita.

In measuring per capita income, there are economic activities that are crucial but are not included in the measurement of the income. Economic activity that does not result in income, such as services provided within the family or for barter are usually not counted, yet the importance of these services vary widely between different countries and groups.

Variable that determines per capita income keeps changing every time hence portraying a different picture in the results in the graph below. They keep changing due to the changing factors that are likely to face a country, for instance, political instability may make the currencies of a country to loose it international v alue.

Good economic performance in a country can occur if there is an increase in the number of goods and services. It can also be as a result of production of more expensive goods and services. This is the order that has been created in the world with some countries doing fairly well in terms of economic performance than others. The question that we should however ask is what is it that rich countries do that poor countries do not do to improve their economic?

To improve the economic performance, poor countries are required to embrace democracy. It is quite true that majority of poor countries have a tendency to practice dictatorial rules that prohibit things to be done in a free and democratic manner. ‘Poor countries cannot afford democracy’ is a common phrase suggesting that strong and authoritarian leaders to overcome the various forces that keep them poor for centuries.

In addition to that, for poor countries to improve their economic status, they have to exploit their resources that remain unexploited due to lack of technology, know-how, corruption etc. Poor countries especially in Africa have been known to have rich resources such as minerals, but have remained unexploited and thus cannot be of use to them. Despite that there has been a lot of brain drain in most poor countries because the human labor is not well paid or appreciated and so the people in these areas have to move to areas where their efforts are appreciated and given great remuneration.

Poor countries have remained economically down because they also lack the infrastructural capacity for the production of gods and services. Crucial infrastructures like roads, hospitals, industries have remained fairly undeveloped and because of that production of goods and services have been hampered. Besides that, poor countries need to develop their markets as well as strengthen their currencies so that they can trade profitably with other major currencies of the world.

‘These models discussed above are supposed to increase per-capita income, if the distribution of income within a country is held by a few rich, the small wealthy can increase per capita income far above that of the majority of the population.’ (Lynn R. 2002).

The income per capita can also be increased if international rates are based on a good exchange rate. The same good when sold in Vietnam e g a pound of rice may sell for a much different price in Australia especially depending on the strength of its currency and this may lower the income per capita of another country not favored by the exchange rate. Median income is a great measure of prosperity, because it is not biased by wealthier outliers hence increasing or decreasing some countries income per capita.

‘A common exchange rate will aid in giving the true picture of income per capita among nations, however it is not likely t be accepted by many countries especially those that have had a fairly stable currency.’ (MacDonald & Faris, A. 2010)


The discussion above shows that there is need to adopt a more widely acceptable and fair method of measuring income levels between countries because sometime the use of income per capita is not likely to give the actual picture. There are many factors that are just assumed and which affect he final outcome of the calculation

Works Cited

Breimyer, H. (1950). Factors Influencing Differences between State per Capita Incomes: Southern Economic Journal, Vol. 17, No.2. pp. 140-147

Faria, C. (2006). The origins of economic inequality between nations: a critique of Western theories on development and underdevelopment: New York. Sage Publications

Lynn R. (2002). IQ and The Wealth of Nations Cover: Northern Ireland, Praeger/Green wood

Nake M & Vassilev G. (2002) The World Economy’s Convergence of Per Capita Income: New York, Sage Publications

MacDonald R. & Faris, A. (2010). Pros and Cons of the Currency Union: New York, Edward Elgar Publishing

Wolff. E. (2004) What has happened to the quality of life in the advanced industrialized nations? New York, Edward Elgar Publishing

Get Professional Assignment Help Cheaply

Buy Custom Essay

Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?

Whichever your reason is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.

Why Choose Our Academic Writing Service?

  • Plagiarism free papers
  • Timely delivery
  • Any deadline
  • Skilled, Experienced Native English Writers
  • Subject-relevant academic writer
  • Adherence to paper instructions
  • Ability to tackle bulk assignments
  • Reasonable prices
  • 24/7 Customer Support
  • Get superb grades consistently

Online Academic Help With Different Subjects


Students barely have time to read. We got you! Have your literature essay or book review written without having the hassle of reading the book. You can get your literature paper custom-written for you by our literature specialists.


Do you struggle with finance? No need to torture yourself if finance is not your cup of tea. You can order your finance paper from our academic writing service and get 100% original work from competent finance experts.

Computer science

Computer science is a tough subject. Fortunately, our computer science experts are up to the match. No need to stress and have sleepless nights. Our academic writers will tackle all your computer science assignments and deliver them on time. Let us handle all your python, java, ruby, JavaScript, php , C+ assignments!


While psychology may be an interesting subject, you may lack sufficient time to handle your assignments. Don’t despair; by using our academic writing service, you can be assured of perfect grades. Moreover, your grades will be consistent.


Engineering is quite a demanding subject. Students face a lot of pressure and barely have enough time to do what they love to do. Our academic writing service got you covered! Our engineering specialists follow the paper instructions and ensure timely delivery of the paper.


In the nursing course, you may have difficulties with literature reviews, annotated bibliographies, critical essays, and other assignments. Our nursing assignment writers will offer you professional nursing paper help at low prices.


Truth be told, sociology papers can be quite exhausting. Our academic writing service relieves you of fatigue, pressure, and stress. You can relax and have peace of mind as our academic writers handle your sociology assignment.


We take pride in having some of the best business writers in the industry. Our business writers have a lot of experience in the field. They are reliable, and you can be assured of a high-grade paper. They are able to handle business papers of any subject, length, deadline, and difficulty!


We boast of having some of the most experienced statistics experts in the industry. Our statistics experts have diverse skills, expertise, and knowledge to handle any kind of assignment. They have access to all kinds of software to get your assignment done.


Writing a law essay may prove to be an insurmountable obstacle, especially when you need to know the peculiarities of the legislative framework. Take advantage of our top-notch law specialists and get superb grades and 100% satisfaction.

What discipline/subjects do you deal in?

We have highlighted some of the most popular subjects we handle above. Those are just a tip of the iceberg. We deal in all academic disciplines since our writers are as diverse. They have been drawn from across all disciplines, and orders are assigned to those writers believed to be the best in the field. In a nutshell, there is no task we cannot handle; all you need to do is place your order with us. As long as your instructions are clear, just trust we shall deliver irrespective of the discipline.

Are your writers competent enough to handle my paper?

Our essay writers are graduates with bachelor's, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college degree. All our academic writers have a minimum of two years of academic writing. We have a stringent recruitment process to ensure that we get only the most competent essay writers in the industry. We also ensure that the writers are handsomely compensated for their value. The majority of our writers are native English speakers. As such, the fluency of language and grammar is impeccable.

What if I don’t like the paper?

There is a very low likelihood that you won’t like the paper.

Reasons being:

  • When assigning your order, we match the paper’s discipline with the writer’s field/specialization. Since all our writers are graduates, we match the paper’s subject with the field the writer studied. For instance, if it’s a nursing paper, only a nursing graduate and writer will handle it. Furthermore, all our writers have academic writing experience and top-notch research skills.
  • We have a quality assurance that reviews the paper before it gets to you. As such, we ensure that you get a paper that meets the required standard and will most definitely make the grade.

In the event that you don’t like your paper:

  • The writer will revise the paper up to your pleasing. You have unlimited revisions. You simply need to highlight what specifically you don’t like about the paper, and the writer will make the amendments. The paper will be revised until you are satisfied. Revisions are free of charge
  • We will have a different writer write the paper from scratch.
  • Last resort, if the above does not work, we will refund your money.

Will the professor find out I didn’t write the paper myself?

Not at all. All papers are written from scratch. There is no way your tutor or instructor will realize that you did not write the paper yourself. In fact, we recommend using our assignment help services for consistent results.

What if the paper is plagiarized?

We check all papers for plagiarism before we submit them. We use powerful plagiarism checking software such as SafeAssign, LopesWrite, and Turnitin. We also upload the plagiarism report so that you can review it. We understand that plagiarism is academic suicide. We would not take the risk of submitting plagiarized work and jeopardize your academic journey. Furthermore, we do not sell or use prewritten papers, and each paper is written from scratch.

When will I get my paper?

You determine when you get the paper by setting the deadline when placing the order. All papers are delivered within the deadline. We are well aware that we operate in a time-sensitive industry. As such, we have laid out strategies to ensure that the client receives the paper on time and they never miss the deadline. We understand that papers that are submitted late have some points deducted. We do not want you to miss any points due to late submission. We work on beating deadlines by huge margins in order to ensure that you have ample time to review the paper before you submit it.

Will anyone find out that I used your services?

We have a privacy and confidentiality policy that guides our work. We NEVER share any customer information with third parties. Noone will ever know that you used our assignment help services. It’s only between you and us. We are bound by our policies to protect the customer’s identity and information. All your information, such as your names, phone number, email, order information, and so on, are protected. We have robust security systems that ensure that your data is protected. Hacking our systems is close to impossible, and it has never happened.

How our Assignment  Help Service Works

1.      Place an order

You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.

2.      Pay for the order

Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.

3.      Track the progress

You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.

4.      Download the paper

The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.

smile and order essaysmile and order essay PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY!!!

order custom essay paper

What Will You Get?

We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.

Premium Quality

Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.

Experienced Writers

Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.

On-Time Delivery

Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.

24/7 Customer Support

Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.

Complete Confidentiality

Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.

Authentic Sources

We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.

Moneyback Guarantee

Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.

Order Tracking

You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.


Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.


Trusted Partner of 9650+ Students for Writing

From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.

Preferred Writer

Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.

Grammar Check Report

Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.

One Page Summary

You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.

Plagiarism Report

You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.

Free Features $66FREE

  • Most Qualified Writer $10FREE
  • Plagiarism Scan Report $10FREE
  • Unlimited Revisions $08FREE
  • Paper Formatting $05FREE
  • Cover Page $05FREE
  • Referencing & Bibliography $10FREE
  • Dedicated User Area $08FREE
  • 24/7 Order Tracking $05FREE
  • Periodic Email Alerts $05FREE

Our Services

Join us for the best experience while seeking writing assistance in your college life. A good grade is all you need to boost up your academic excellence and we are all about it.

  • On-time Delivery
  • 24/7 Order Tracking
  • Access to Authentic Sources
Academic Writing

We create perfect papers according to the guidelines.

Professional Editing

We seamlessly edit out errors from your papers.

Thorough Proofreading

We thoroughly read your final draft to identify errors.


Delegate Your Challenging Writing Tasks to Experienced Professionals

Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!

Check Out Our Sample Work

Dedication. Quality. Commitment. Punctuality

All samples
Article review
Thesis/Thesis chapter
Research paper
Article review
A Holistic Response to Crime Victimization
View this sample
Thesis/Thesis chapter
Post Covid-19 Economic Recovery
View this sample
Research paper
Final Case Analysis: Organizational Ethical Dilemmas
Undergrad. (yrs 3-4)
Business Studies
View this sample
Research paper
Communicable Disease
View this sample
Research paper
Mental health
View this sample

It May Not Be Much, but It’s Honest Work!

Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.


Happy Clients


Words Written This Week


Ongoing Orders


Customer Satisfaction Rate

Process as Fine as Brewed Coffee

We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.

See How We Helped 9000+ Students Achieve Success


We Analyze Your Problem and Offer Customized Writing

We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.

  • Clear elicitation of your requirements.
  • Customized writing as per your needs.

We Mirror Your Guidelines to Deliver Quality Services

We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.

  • Proactive analysis of your writing.
  • Active communication to understand requirements.

We Handle Your Writing Tasks to Ensure Excellent Grades

We promise you excellent grades and academic excellence that you always longed for. Our writers stay in touch with you via email.

  • Thorough research and analysis for every order.
  • Deliverance of reliable writing service to improve your grades.
Place an Order Start Chat Now

error: Content is protected !!
Need assignment help? You can contact our live agent via WhatsApp using +1 718 717 2861

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code UNRIVALED