Question

What is per capita income how is it calculated why is per capita income not an adequate indicator of economic development of the country explain?

Answer 1

Per capita income=total income of the country by the total population.. it is not and adequate indicator since it does not show the seperate income of each person and only the average..
Hope this helps..

Answer 2

Answer:

While averages are useful for comparison, they also hide disparities.  They do not tell us how this income is distributed among people.

$Per Capita Income=\frac{Total Income}{Total Population}$