Which of the following is not are the limitations of per capita income? *
1 point
a.Ignore distribution of income
b. Ignore Population
c. Ignore Pollution
d. Ignore other aspect of life other than income.
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Explanation:
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.
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