Social Sciences, asked by lyng111, 8 months ago

how do national income and per capita income serve as indicators of development

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Answered by abdussamad7643

1

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. Economic development involves something more than economic growth. ... Greater the income, higher the standard of living of people, and lower the incidence of poverty and inequality.

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