Economy, asked by inaokongbam1971, 1 year ago

Please explain why income is considered as an indicator of development.

Answers

Answered by taibak32

1

Answer

Net National Income and Per Capita Income as Growth Indicators 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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