Economy, asked by Manasmsd8734, 10 months ago

4. What are the limitations of using total income and average as a measure of development?

Answers

Answered by goonadrika
1

Answer:

Per capita income is an average and this average may not represent the standard living of the people,if the increased national income goes to the few rich instead of giving to many poor.Thus unless national income is evenly distributed,per capita income cannot serve as a satisfactory indicator of development.

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