Question

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

Answer 1

HEY , HERE'S THE ANSWER ⏬

⏺️ Per Capita Income is not an adequate indicator of economic development for the following reasons :

● It is an average amount of the total income which means it can't show the actual income status of a country.

● Only Per Capita Income can not indicate the development of a country alone.

● It needs other criterion to judge the economic development like literacy rate .

● Health status of the citizen is also another criteria for indicating the economic development.

● Distribution of income amongst rich and poor class people is not reflected in the concept of per capita income.

HOPE IT HELPS YOU ✌️!!!