Question

What is the difference between national income and per capita income??

Answer 1

Hey here is your answer!

National Income : Is the total value a country's final output of all new goods and services produced in one year. Per capita Income : When the totalNational Income is divided by the total population,It is called Per capitaImcome.It is the average income of anaverage person in that country.

Hope this help you.....

Answer 2

National Income : Is the total value a country's final output of all new goods and services produced in one year. Per capita Income : When the total National Income is divided by the total population,It is called Per capitaImcome.It is the average incomeof an average person in that country.