Question

Difference between national income and per capita income in tabelar form 0

Answer 1

National income-It is the value of goods and services of a particular year in an economy.

Per capita income- Per capita income is the average income of the nation.

National income- determines the economic growth of the country

per capita income- it indicates the standard of living of a country.

Various factors of production determine the national income whereas the income and population determines the national income in per capita income.