Economy, asked by genius390, 1 year ago

why are national income and per capita income considered as indicators of development?

Answers

Answered by Anonymous
9
ʜᴇy ʙᴜᴅᴅy
(1). National income and per capita income indicates the overall growth of the economy in terms of goods and services produced in a year and distributed among its population. 

2. Financial soundness of the economy is indicated by the income earned by the people of the country. 

3.A sound economy with higher per capita income and national income provides better standard of living to the people of the country. 

4.However, the distribution of income may be uneven in the economy why indicates a bigger gap between rich and poor. 

5.Thus, national income and per capita income can be used as I comparative tools to assess the growth of one economy as against the other.
ʜᴏᴩᴇ ɪᴛ ʜᴇʟᴩꜱ
Answered by shivam10sep
6
1. National income and per capita income indicates the overall growth of the economy in terms of goods and services produced in a year and distributed among its population. 

2. Financial soundness of the economy is indicated by the income earned by the people of the country. 

3.A sound economy with higher per capita income and national income provides better standard of living to the people of the country. 

4.However, the distribution of income may be uneven in the economy why indicates a bigger gap between rich and poor. 

5.Thus, national income and per capita income can be used as I comparative tools to assess the growth of one economy as against the other.

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