difference between percapita income and national income.
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National Income is the total value of a country's final output of all new goods and services produced in one year whereas percapita Income is when the total national Income is
divided by the total population.
Answered by
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national Income is defined as the total value of all the goods and services produced within a country plus income coming from Abroad.
When the total National Income is divided by the total population it is called per capita income.
Per capita income = National Income /Total Population
When the total National Income is divided by the total population it is called per capita income.
Per capita income = National Income /Total Population
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