Question

What will be the advantage of high per - capital income?

Answer 1

Higher income per head means that GDP per Capita is higher. This means there is an increase in living standards as more people can consume higher levels of goods and services. ... Also the government will spend less on income support and unemployment benefits. Therefore the budget deficit will decrease.

Answer 2

Here is your answer.

It helps us to compare the development of countries as per capita income tells us by other people in our country are better than other in a different country..

Thank u