is it just right to calculate development based on average income
Answers
Answer:
No , Per capita income is not a true measure of theDevelopment because:- 1) It only tells us about average income not how income is distributed among the people.
Explanation:
Per capita income is a better index of economic development than nationalincome/GDP itself. However, it suffers from certain major limitations as an indicator of welfare and development : Per cap incomedoesn't show the actual standard of living enjoyed by the common people.
Answer:
NO
Explanation:
It is not write to calculate development based only on average income as it wont say about the health status and educational level of the country which are one of the most important factors to classify the country as developed country or underdeveloped country......
we will not come to know about the net attendence ratio, literacy rate, life expectancy and infant mortiality rate of a country....