Economy, asked by vijaya8239, 1 year ago

How do we calculate the total income of a country?

Answers

Answered by prince574
4
the value of total products produced by all three sector is known as total or gdp income
Answered by Ajeesha15
3
★✩ ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ..

\color{indigo}{Total Income}of the country is defined as Income of all the residents of the country.

\color{indigo}{Total Income} is not used to make comparison between the countries because different countries have \underline{different \:populations.} Comparing with Total Income will not tell us what an average person is likely to earn.

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