Question

Income alone is not a completely adequate indicator of development of a country . Give any one reason with regard to this statement

Answer 1

not only per capita income but the annual growth rate of a country the infrastructure of a country is also very important just a tiger for example most people consider China still to be a developing countrybecause of its low per capita income but due to its high annual GDP growth rates it it will become a developed country sooner or later and other countries like India with both also grow as their infrastructure progresses and their GDP growth rate increases the point on the point over here is is the income does not matter the GDP growth rate does matter if you are looking at developing countries and are trying to predict that are they going to become developed in the future or not