Economy, asked by luphothangboi, 5 months ago

Does high per capita income indicate high level of development ? Explain

Answers

Answered by hareesh11

Answer:

Dividing GDP/GNP by the total population one gets per capita GDP/GNP. Conventionally, per capita income is used as an index of development. ... Greater the income, higher the standard of living of people, and lower the incidence of poverty and inequality.

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