Question

is national income a good measure of economic welfare?

Answer 1

yes I agree with the line because nation become able to develop our country and economic welfare then only the nation have the pride

Answer 2

Hello dear friend

Here is your answer

National income is not so good to measure the economic welfare as they do not give the true picture of a country due to the following reasons:

1. They do not tell us how equally and evenly income is distributed.

2. They do not give information regarding the Human Development Index such as literacy rate , infant mortality rate etc.

3. Average don't give us any information regarding the non materialistic goods and services.


I hope this helps you