What is the drawback of assessing economic development of countries through per capita income? (1)
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Explanation:
Using just one measure of development can be misleading, and it is often better to use more than one. ... Used on their own, each measure of development has advantages and disadvantages: Birth rate – this is a good indicator of social progress and the most developed countries tend to have low birth rates.
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Explanation:
Income per capita will be unnaturally overstated if the prices increase more rapidly in one country than in another. In addition, the amount of money in different countries will have different values due to the varying exchange rates. Hence, comparing income per capita country to country gives inaccurate results.
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