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Highlight FIVE reasons as to why a high national income may not necessarily mean better welfare for the citizens of a country.

Highlight FIVE reasons as to why a high national income may not necessarily mean better
welfare for the citizens of a country.

Answers

gideon
- Uneven income distribution – Where too much of it is in the hands of few citizens and too little
for many
citizens.
- Incorrect statistics (-incorrect statistics could have been used) thus getting a wrong and
exaggerated value of national
income.
- No leisure -High income might have been as a result of overworking labour force or even
working under
difficult circumstances / thus compromising employees health
- The income might have been realized through activities that might have been detrimental to the
environment or health
of the workers.
- Illegal activities – The income might have be rising from illegal activities.
- High inflation rate – The high income might have been consumed by high levels of inflation
hence retarding the
purchasing power of citizens.
gideon1 answered the question on October 2, 2017 at 17:05

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