'Only the per capita income can reply the true history of economic development'. Justify the statement.
1 answer
Question:
'Only the per capita income can reply the true history of economic development'. Justify the statement.
Answers
Answer:The per capita income can not reflect the true state of economic development because if the income of a particular group have increased or have become rich and the income of other groups remain the same, it will reflect an increase in the per capita income.
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