INDICATORS OF GROWTH AND DEVELOPMENT — Economics STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsINDICATORS OF GROWTH AND DEVELOPMENT3 Marks
Question
Population is not counted every year but per capita income is Explain the problem with this.
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Answer
Only estimates:
The national income of the economy is calculated almost every year and hence we get quite a correct data but the population of the country is not calculated every year.
In India population census takes place once in $10$ years. So, for the remaining $9$ years we just take approximation of the population.
Per capita income is obtained by dividing gross national income with population. Since, we do not get exact count of population every year, per capita income gives us an estimated figure for all those years when we do not count population.
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