why is per capita income not regarded as the sole indicator of economic development of a country? Justify
Vickypanjiyar:
GDP growth???
Answers
Answered by
5
as it hides distribution between rich and poor.
no very short
plz so long in 40 to 50 words
u can explain it. i have given u only the key point.
ok but can you explain this question
Answered by
14
Th Per Capita Incom is considered inadequate as it hides disparities.
Eg:- A-(500 +500+6000+25+1+85)/6=1185.16
B-(5000+500+122000+25+1+85)/6=21268.5
This data shows that it hides disparities.
Again money alone doesn't fulfill all requirements.
Immaterial matters like Health,Education ,Infant Mortality Rate,Life Expectancy Must also be taken into account.
Eg:- A-(500 +500+6000+25+1+85)/6=1185.16
B-(5000+500+122000+25+1+85)/6=21268.5
This data shows that it hides disparities.
Again money alone doesn't fulfill all requirements.
Immaterial matters like Health,Education ,Infant Mortality Rate,Life Expectancy Must also be taken into account.
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