National income is not real indicator of development. Why?
Answers
Net National Income: Net national income, thus, is a crude index of measuring development on the ground that it does not consider population growth of a country. In spite of economic growth, the standard of living may be eroded because of high growth of population, income inequality, etc.
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yes we can say that National income is not real indicator of development because national income does not show the income distribution among the poor and a rich person
for example we can take if a country's average income is 50,000
it does mean that the income is equally distributed
it can also happen that the rich persons is getting the income of 40,000
and the poor people are getting only 500 rupees as income