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(1) State the limitations of National Income as an indicator, |
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Answer» Answer: Limitations of per capita income are : (i) A RISE in per capita income is due to rise in prices and not due to increase in physical output, it is not a reliable index of economic DEVELOPMENT. (II) National income rises but its DISTRIBUTION makes the rich richer and the poor poorer Explanation: please MARK me as a brainiest |
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