Social Sciences, asked by 46Praddy, 2 months ago

what are the limitations of per capita income as an adequate index of economic development? ​

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Answered by Bad0BoY
3

Answer:

hlo✔

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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