Question

define national income and donestic income...

Answer 1

It happens because national income includes the income of normal residents only (irrespective of their place of earning), whereas, domestic income includes the income of both residents and non-residents (but, within the domestic territory of the country).

Hope u will find this answer Helping

Mark me as a Brainleist

Follow Me!!

Answer 2

National Income. National income is the total income earned in a nation. Gross domestic product (GDP) measures the value of all final goods produced within a nation's borders. Gross national product (GNP), the other common measure, counts all income accruing to factors of production owned by a nation's citizens.


The Gross Domestic Income (GDI) is the total income received by all sectors of an economy within a state. It includes the sum of all wages, profits, and taxes, minus subsidies.


Hope it's help u

mark me as the brainleast