Question

Which of the following statements is not correct if per capita income is to be used as the measure of development ?


Money cannot buy all the goods and services that one may need to live well

Income by itself is not a completely adequate indicator of material goods and services that citizens are able to use

Kerala has low infant mortality rate because it has higher per capita income than any other state of the country

None of these


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Answer 1

Answer:

last option none of these

Answer 2

Answer:

Money cannot buy all the goods and services that one may need to live well.

Explanation:

• Per capita income for any nation is calculated by dividing the country's national income by its total population.
• Per capita income is not an adequate indicator of economic development.
• It is an average amount of the total income which means it can't show the actual income status of a country.
• The welfare of the people isn't necessarily captured with per capita income.

Hence, money cannot buy all the goods and services that one may need to live well is not correct.