Question

what is per capita income? Mention any two limitations of per capita invome as an indicator of development. ​

Answer 1

The total income of a country divided by it's total population gives the Per capita income. Money can't buy all the goods and services that are needed to live well so income by itself is not a completely adequate indicator of material goods and services that citizens are able to use For example,Money can't buy a pollution-free environment or ensure that one gets unadulterated medicines,unless one can afford to shift to a community that already has all these things.

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Answer 2

Answer:

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Per capita income or average income measures the average income earned per person in a given area in a specified year. It is calculated by dividing total income by total population....

LIMITATION OF PER CAPITA INCOME ARE GENERALLY FOLLOWING..

: (i) A rise in per capita income is due to rise in prices and not due to increase in physical output, it is not a reliable index of economic development.

(ii) National income rises but its distribution makes the rich richer and the poor poorer.

Explanation:

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