does high per capita income indicate high level of development
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Per capital income does not reflect the standard of living of the people. Per capital income is an average and this average may not represent the standard of living of the people, if the increased national income goes to the few rich instead of giving to the many poor.
jasm73:
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Per capita income does not reflect the standard of living of the people. Per capita income is an average and this average may not represent the standard of living of the people, if the increased national income goes to the few rich instead of giving to the many poor.
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