Responses
Wealth distribution in most countries is uniform.
Wealth distribution in most countries is uniform.
Wealth distribution in most countries is uneven
Wealth distribution in most countries is uneven
Per capita national income does not take population size into account.
Per capita national income does not take population size into account.
Per capita national income does not take total national income into account.
Per capita national income does not take total national income into account.
1 answer
The statement that best explains an important limitation of per capita national income is:
Wealth distribution in most countries is uneven.
Per capita national income provides an average income per person, but it does not account for how that income is distributed among the population. An uneven distribution can lead to significant disparities in wealth and living standards, which is a critical limitation of using per capita income as an indicator of economic well-being.
