National income cannot be a perfect indicator for a country's development. Why?
National income cannot be a perfect indicator
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Explanation:
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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Answer:
Comparison of economic development between countries with different levels of population will not be correct.hence,per capita income is being used as an indicator of development instead of national income.It is the average income of each individual in the country, which is calculated as national income divided by total population in a given year.
Explanation:
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