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.
Answers
Answered by
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Answer:
A
Explanation:
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Answered by
1
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.
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