Economy, asked by madamtwinkle1, 2 months ago

Discuss national income as an indicator of economic development

Answers

Answered by brinlyqueen

2

Answer:

The increase in per capita income is a good measure of economic development. ... In advanced countries, national income has increased much faster than the growth rate of population. It means the per capita real income has been constantly increasing and this has led to the increase in welfare of the people.

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