Mention if the given statement is true or false:

Total income is used to measure development.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
The total income of a country is not considered an effective tool for comparing two or more countries because it doesn’t take into consideration the populations of the nations. Countries with a large population may have more income than countries with fewer people, but the population burden on the former government is much more. A country with a high income and low population is better than a country with a high income and population. So, to solve this issue, per capita income is considered to compare the various countries.
Thus, the correct statement is that the per capita income is used to measure development.

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