Question

Differentiate between National income and per capita income.​

Answer 1

Answer:

Per capita income:

1)- It is the average income of a country.

2)- per capita income = total income ÷ total population.

National income:

1)- National income is the total value a country's final output of all new goods and services produced in one year.

2)- National income is calculated by taking sum of all sectors personal,public or government.

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