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Under what circumstances would the per capita income statistics be a good indicator of the welfare of the citizens of a country?

      

Give the circumstances under which the per capita income statistics would be a good indicator of the welfare of the citizens of a country.

  

Answers


Maurice
(i) When the real statistics on population figures is obtained and not projections used.

(ii) When the output per year is based on essential and final goods/ services consumed by the masses.

(iii) When national income statistics are in real terms and allowances made to take care of price fluctuations.

(iv) When the national income is evenly distributed among the citizens.
maurice.mutuku answered the question on July 7, 2017 at 06:36


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