22.
What is per capita income? Mention any two limitations of per capita income as an indicator of
development
3
SECTION -C
(4x4-16)
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6
Answer:
Per capita income is a measure of the amount of money earned per person in a nation or geographic region. ... Per capita income for a nation is calculated by dividing the country's national income by its population
Explanation:
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0
Answer:
(i) A rise in per capita income is due to rise in prices and not due to increase in physical output, it is not a reliable index of economic development. (ii) National income rises but its distribution makes the rich richer and the poor poorer.
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