3 limitations in the use of per capita income as an index of economic growth
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1.It covers only the monetary aspect and ignores other aspects of life
2.it hides income inequality
3.using per capita income to measure development is a narrow concept of development
2.it hides income inequality
3.using per capita income to measure development is a narrow concept of development
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It doesn't tell us about conditions if
it doesn't tell us about distribution of income in country
it doesn't tell us about distribution of income in country
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