Single Answer MCQ
Q-00015653
What is a limitation of using per capita income as a sole measure of development?
1
It does not account for demographic dynamics.
2
It is a universally accepted measure.
3
It includes all economic activities.
4
It reflects actual living standards.
Answer and Solution
Answer
A. It does not account for demographic dynamics.
Solution:
Per capita income alone does not account for variations in population size, demographics, or living costs, potentially obscuring true economic realities.
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