Explain the difference between per capia income and national income
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Answer:Per capita income
It is nothing but the average income of a country
per capita income = total income ÷ total population
per capita income of india is 6,490 PPP dollars (2016)
National income
National income is the total value a country's final output of all new goods and services produced in one year
national income is calculated by taking sum of all sectors personal,public or government.
national income of india is 8.594 trillion PPP dollars(2016)
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