Social Sciences, asked by harrisvanlalpekhlua4, 7 months ago

which national income aggregate is used to define economic development?Why is per capita income an important indicator for development

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Answered by mieraawhat

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Per Capita Income as a Growth Indicator : Dividing GDP/GNP by the total population one gets per capita GDP/GNP. Conventionally, per capita income is used as an index of development. ... Greater the income, higher the standard of living of people, and lower the incidence of poverty and inequality.

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