Economy, asked by kushalacharya, 1 year ago

National income is not real indicator of development. Why?​

Answers

Answered by bsandrade0909
13

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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Answered by prerna97620
6

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

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