Question

what is PCI .how it is calculated .why PCI is not adequate indicator of economic development of the country​

Answer 1

Answer:

Per capita income

Explanation:

The monthly income per person is calculated by taking the total gross household monthly income divided by the total number of family members living together.

Per capita income is an average and this average may not represent the standard of living of the people, if the increased national income goes to the few rich instead of giving to the many poor. Thus unless national income is evenly distributed, per capita income cannot serve as a satisfactory indicator of development.