Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is/are the limitation(s) of per capita income?

• A. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Merely a numerical calculation
• B. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Ignores factors that improve the quality of living
• C. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Does not account for social welfare
• D. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Shows equal distribution of income

Answer 1

Answer: (A), (B), (C)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Does not account for social welfare

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Per capita income refers to the amount of money or income earned per person in a region or state. However, it is just a numeric calculation that ignores factors such as education, availability of shelter, nutritious food, and healthcare facilities, which are all important aspects of quality living. It does not consider social welfare and distribution of income while measuring economic development.