Question

Do you think per capita income is the sole reason for development? Discuss. (PISA),​

Answer 1

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Explanation:

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Answer 2

Per capita income is the sole reason for development

Explanation:

• It is an important criterion because it tells us what an average person is likely to earn and also gives some idea about the rising standard of living.
• Prosperity of a country depends not only on its national income but also on the number of people who would share it

• Average income, i.e., per capita income is important but not the only criterion for development.
• Along with average income, equitable distribution of income in a country should also be considered
• Per capita GDP is a global measure for gauging the prosperity of nations and is used by economists, along with GDP, to analyze the prosperity of a country based on its economic growth.
• Small, rich countries and more developed industrial countries tend to have the highest per capita GDP.