difference between average income and national income
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average income is total income upon total population
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Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.
National income is the aggregate money value of all incomes earned by individuals and enterprises. National income may also be defined as the money measure of the net aggregates of all commodities and services accruing to the inhabitants of an economy during a year.
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