Explains the limitations of using average income in measuring the development of an nation
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Per capita income or average incomemeasures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population
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(i)the level of income is important,yet it is an inadequate measure of the level of development.
(ii)health and education indicators, such as the ones we used in comparison of kerala and haryana,are among them
(iii)over past decade or so, health and education indicators have come to be widely used along with income as a measure of development.
(iv) the average income is unable to to tell us how the assets of the country are distributed.
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