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:

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: Increase in average income cannot be a guarantee of overall progress of the economy.May 31, 2017

Answer 2

Hola mate

Here is your answer -

No,

if average income of the country is being increasing then it doesn't mean that all the section of economy is improving. for ex see the attachment of comparing two country , both the country have almost same average income but in country A income is equally distributed where as in country B only one person has major share.

which mean in country A all section are improving but same has not happened in country B.