Question

Which of the statement regarding Average Income is correct
a.Average income is a useful criterion to measure development.
b.Average income hides disparities.
c.Average income is not used as a basis for the WDR.
d.Average income is not same as per capita income.

Answer 1

Answer:

A

Explanation:

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Answer 2

Option A is the correct answer i.e. Average income is a useful criterion to measure development.

• Average income is calculated by dividing the total sum of income by the total population of the country.
• Average income is calculated to make a comparative analysis of the position of the country.
• Total income of the country can never be the indicator of the economic health of the country and its people.
• Average income does not tell us about the non-economic goods and services.