Economy, asked by nathkaushik44, 4 months ago

how per capita income is suitable for measuring development​

Answers

Answered by ShreyaKudache
0

Answer:

Per Capita Income as a Growth Indicator : 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

Answered by Drabhijitpatra
0

Answer:

Per Capita Income as a Growth Indicator : 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.

Similar questions