suppose the average income of acountry is not being increased over time but the records of the national income show a rise?what does this situation signify
Answers
Answer:
this means increase in population
Answer:
This situation signifies that the population of the country is increasing.
Explanation:
This type of situation arises when the population of the country increase. The increase in the population of the country directly affected the national income of the country. When the population of the country increases the workforce of the country also increases. When the workforce increases the earnings of the peoples also increases which affect the national income. With this, the national income of the country increase but the average income of the country decreases due to the increase in the population. From this we can conclude that the population of a country and the average income of the country has inverse relationship.
Hence, this is the reason for the increase in the national income of the country.
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