Comparison of economic development between countries with different levels of population will not be correct.Why ??
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using of national incomes have some limitations because it hides disparities
when a small session of people have higher income the average income will also become high
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Therefore, comparison of economic development between countries with different levels of population will be correct. Hence, per capita income is being used as an indicator of development instead of national income. It is the average income of each individual in the country, which is calculated as national income divided by total population, in a given year.
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