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Notes on Statistics
So, far many indicators making many tables have been presented.
Out of these 20 variables, nine ratios have been chosen and all economies are ranked based on the nine performance ratios. The ranking is based on the ratio of specific economy's performance with respect to the top economy in that category. For example, Telephone density for US is 700 per 1000. For Australia, the value is 525 per 1000. So performance ratio of Australia is 525 divided by 700, 0.75. The maximum performance ratio is 1. So if an economy comes top in all the ratios, it can get total value of 9. But this is never the case. The top performing economies in each category are: