Social Sciences, asked by nerrupawa666, 10 months ago

What are the limitations of using per capita income as a development indicator.

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Answered by gauravarduino

Explanation:

(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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What are the limitations of using per capita income as a development indicator.​

Answers

What are the limitations of using per capita income as a development indicator.