drawbacks of per capita income examples.
Answers
Explanation:
1)Per capita income does not reflect the standard of living of the people. ...
2)If per capita income is the measurement, the population problem may becancealed, since population has already been divided out. ...
3)An increase in per capita income may not raise the real standard of living of people.
Answer:
Per capita income helps determine the average per-person income to evaluate the standard of living for a population. Per capita income as a metric has limitations that include its inability to account for inflation, income disparity, poverty, wealth, or savings.10-Nov-2020
1. Per capita income does not reflect the standard of living of the people. ...
2. If per capita income is the measurement, the population problem may becancealed, since population has already been divided out. ...
3. An increase in per capita income may not raise the real standard of living of people.