Question

Q2
a) What are the weaknesses of using per capita income as an index of developed​

Answer 1

Explanation:

Limitations of per capita income are :

• (i) A rise in per capita income is due to rise in prices and not due to increase in physical output, it is not a reliable index of economic development.
• (ii) National income rises but its distribution makes the rich richer and the poor poorer.

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