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What are the limitations of per capita income |
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Answer» Per capita income due to rises in price and not due to increase in physical output,it is not a reabile index of economical development Per capita income helps determine the average per-person income to evaluate the standard of living for a population. Per capita income as a metric has limitations that include its inability to account for\xa0inflation, income disparity, poverty, wealth, or savings. Can u pls share some important ques of Nationalism in India(Atleast 6)?? Ans. (1) Per capita income is the average income of country.(2) Per capita income criteria takes into account only the economic aspect of life and ignores the social, aspect of life.(3) Per capita income criteria ignores education, health life expectancy, sanitation etc.(4) Per capita income criteria also ignores non material things like peace, pollution free environment, democracy, etc. (5) Though Punjab has higher per capita income as compared to Kerala but it has been ranked lower on Human Development Index because it is far behind than Kerala in literacy rate and has higher infant mortality rate than Kerala. |
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