Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Why does per capita income not reflect the quality of living of all people?

• A. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Does not consider social welfare
• B. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Qualitative tool to measure development
• C. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Does not represent standard of living
• D. <!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Assumes that the national income is evenly distributed

Answer 1

Answer: (A), (C), (D)

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Assumes that the national income is evenly distributed

Per capita income is only a numerical value, so it has certain limitations. For example, it ignores social welfare, qualitative measures, living standards, etc. Also, it gives an average income, which means that it assumes that the income is distributed equally for all, which is not true.