Question

differentiate between national income and per capita income

Answer 1

total income%no.of population :percapita income National income is that part of objective income of the community including of course income derived from abroad which can be measured in money

Answer 2

National income is the total value a country’s final output of all new goods and services produced in one year whereas national income is calculated by taking sum of all sectors personal, public or government. per capita income = total income ÷ total population. Per capita consumption is calculated as total consumption of a country total population over a given period say a year.