??Suppose the average income of a country is NOT being increased over time but the records of the National Income show a rise.?? What does this situation signify ?
Dear Student,
Despite the fact that expansion in normal pay will imply that there has been by and large expansion in the absolute pay of our country. How ever, this can't be utilized to reason that there has been monetary improvement in all areas. A few zones may have endured a detorioration in economy. Additionally some region may havn't created by any means, ie. ,may have stayed stable.
While then again, numerous different zones may have under gone colossal advancement as well. The normal pay just shows the mean pay of an individual. In a country as shifted and as assorted as India, that too with a populace of 125 crores, expansion in normal pay is certainly not a truly dependable information to express that all areas have better pay economy.
Regards.
Despite the fact that expansion in normal pay will imply that there has been by and large expansion in the absolute pay of our country. How ever, this can't be utilized to reason that there has been monetary improvement in all areas. A few zones may have endured a detorioration in economy. Additionally some region may havn't created by any means, ie. ,may have stayed stable.
While then again, numerous different zones may have under gone colossal advancement as well. The normal pay just shows the mean pay of an individual. In a country as shifted and as assorted as India, that too with a populace of 125 crores, expansion in normal pay is certainly not a truly dependable information to express that all areas have better pay economy.
Regards.