Higher national income may not necessarily mean better welfare for citizens of a country.Discuss
Answer Text: -The income distribution could have been unequal with more at the hands of a few-Incorrect statistics may have been used giving the wrong figure.-Higher income may have cost the labour leisure timeand working under difficult environment-The income could have been realized through illegal activities-The effect of inflation may not be shown in the national income statistics yet it affects the purchasing power hence welfare.