National Income can't be a perfect indicator of a country's development. Why?
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Answer:Economic development is not even because of uneven development and distribution of infrastructure, market access, geographical factors, access to education etc. Per capita income indicator may not be accurate as one has to consider the value of local currency against others.
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Answered by
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Answer:
Economic development is not even because of uneven development and distribution of infrastructure, market access, geographical factors, access to education etc. Per Capita income indicator may not be accurate as one has to consider the value of local currency against others.
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