Re: Pakistan economic snapshot 03-07 IMF data
Cool Breeze nay farmaya
These averages (GDP, Per capita Income etc) have a biggest limitation i.e. don't show the exact picture.
The averages have a purpose, to give an indicator. lets not make them more than that, or lets not completely discount them as being useless. If they were telling you nothing then they would not be used.
*In pakistan, the average is a little higher now because of the earning of upper class. People are billionaires now and that is the reason of this little boost. *
Improbable, you can throw the avg growth on some chart and see that the upper class would have to be collectively in Bill gates category to be able to lift hundreds of millions of people up by that amount. which is not the case.
*Keep in mind that the ratio of middle-class is going lower & lower which is the dangerious thing for our economy. And it is the opposite of development. *
Please support this statement with facts /figures
*Similarly, the ratio of poor is increasing too. so the averages are higher due to higher income of a small percentage of people. *
please provide proof and support of this statement with facts/figures
Plz look at all the sides of the picture. don't just go for these averages. Keep the limitations in mind too.
at the same time do not discount averages as nothing. Avg is a very good indicator of overall direction of economy.