“Per Capita income is useful measures for comparison of different countries” How can you justify.
Answers
Answered by
3
Answer:
the per capita income of a country is the total national income (GDP) divided by total population . it is used to compare the development of countries by the World Bank .
GDP per capita is an important indicator of economic performance and a useful unit to make cross-country comparisons of average living standards and economic wellbeing. However, GDP per capita is not a measure of personal income and using it for cross-country comparisons also has some known weaknesses.
Explanation:
Similar questions