Question

National income is not right indicator of economic development of country why

Answer 1

Answer:

The real economy – including all things that support human well-being – is much larger than the market economy estimated by GDP. GDP was never designed as a measure of overall societal well-being and its continued misuse for that purpose needs to stop.

Explanation:

Only national income cannot be considered as the right criteria for measuring and comparing development in two nations. Though it is an important attribute, it isn't an absolute one. This is because for comparison there is always required two or more important characteristics