What is national income why is it not useful in comparing the levels of development of different countries?
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Heya...
National income is the sum total of factor income earned by Normal residents of a country...
It is not useful for measure country's development because...
* It doesn't show the consistency of GDP growth...
* It doesn't show the per capita income of a nation...
* It doesn't show the social growth of a country..
National income is the sum total of factor income earned by Normal residents of a country...
It is not useful for measure country's development because...
* It doesn't show the consistency of GDP growth...
* It doesn't show the per capita income of a nation...
* It doesn't show the social growth of a country..
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