Question

differentiate between national income and per capita income. Increase in real per capita income means increase in per capita availability of goods and services. Does it necessarily mean rise in the welfare of the people os the country? Give one argument in support of your answer and explain the same .

Answer 1

national income is summetion of all national's or domestic income of the country. percapita average income of all total population of the country. increase in real percapita income means is increase in all what you have said