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Only the per capita income cannot reflect the true state of economic development .Why?​

User Rachwa
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Answer:

Only the per capita income cannot reflect the true state of economic development because per capita income is calculated by dividing the total income of a certain region/country by the population of the country/region only

Step-by-step explanation:

Only the per capita income cannot reflect the true state of economic development because per capita income is calculated by dividing the total income of a certain region/country by the population of the country/region only and this might not really reflect economic development if the population is small or if there are a few people who earn extremely high income and also this cannot be calculated without knowing the income of the country first hence one needs to calculate the GDP ( gross domestic product ) of the country as well in other to determine the true state of the economic development of the country within a given period which is usually 1 year

User SudhirR
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