Explain per capita income is as an indicator of economic growth

1.	Explain per capita income is as an indicator of economic growth
Answer» Answer: hope this answer HELPS u Explanation: Per CAPITA Income as a Growth Indicator, Dividing GDP/GNP by the total population one GETS per capita GDP/GNP. Conventionally, per capita income is used as an index of development.Greater the income, higher the standard of LIVING of people, and lower the incidence of poverty and INEQUALITY.

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hope this answer HELPS u

Explanation:

Per CAPITA Income as a Growth Indicator, Dividing GDP/GNP by the total population one GETS per capita GDP/GNP. Conventionally, per capita income is used as an index of development.Greater the income, higher the standard of LIVING of people, and lower the incidence of poverty and INEQUALITY.

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Explain per capita income is as an indicator of economic growth

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