Question

Suppose records show that the average income in a country has been increasing over a period of time. From this, can we conclude that all sections of the economy have become better? Illustrate your answer with an example.

Answer 1

Answer:

Nope

for ex

A country A 100 crore economy in 2010 in which My share is 40 crore

And in 2020 country economy 140 crore in which my income is 100 crore

in reality Income of all peoples of country decreased but due to some people it shows better result

thus Average income hides disparities