Economy, asked by freya16, 9 days ago

what are the shortcomings of per capita income as an index of development?

Answers

Answered by ps2891977

Answer:

(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 shortcomings of per capita income as an index of development?​

Answers

what are the shortcomings of per capita income as an index of development?