what is per capita income? how is it calculatex? is per capita income a true measure of development?
Answers
i) Per capita income is the average income. It is income per head of the population per year.
(ii) Per Capita Income = Total income of country/Total population
(iii) It is not an adequate indicator because:
(a) It does not tell us how this income is distributed. Per Capita Income might not be the income of every individual in the state.
(b) Life expectancy and Infant Mortality Rate are other important criteria for measuring development.
(c) Education and literacy level are other indicators of development.
(d) Pollution free environment, less corruption, gender equality etc. are also important.
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Answer:
Per capita income is the average income earned per person in a given area in a specified year.
HOW IT IS CALCULATED..??
It is calculated by dividing the area's total income by its total population.
IS PER CAPAITA INCOME A TRUE MEASURE OF DEVELOPMENT??
yes it is ...but their many more things that are considered as a true measure of development
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