Question

what is per capita income how is it calculated why is per capita income not an adequate indicators of economic development of a country explain​

Answer 1

Answer:

Hiii

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Explanation:

Per capita income, also known as income per person, is the mean income of the people in an economic unit such as a country or city. ... It is calculated by taking a measure of all sources of income in the aggregate (such as GDP or Gross national income) and dividing it by the total population.

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Answer 2

HEY MATE YOUR ANSWER IS HERE

★ PER CAPITA INCOME ★

PER CAPTIA INCOME IS AVERAGE INCOME , THE INCOME EARNED BY PER PERSON OVER NATIONAL INCOME

★ FORMULA ★

$per \: capita \: income \: = \frac{national \: income}{total \: population}$

★ WHY IT IS NOT ADIQUATE ★

AS PER CAPTIA INCOME DOESN'T FOCUS ON MANY OTHER FACTORS SUCH AS HEALTH , EDUCATION , ETC WHICH ARE EQUALLY RESPONSIBLE FOR DEVELOPMENT

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