Differentiate between national income and per
capital income.
Question
Differentiate between national income and per
capital income.
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Mathematics
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2021-08-01T08:30:51+00:00
2021-08-01T08:30:51+00:00 2 Answers
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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 total National Income is divided by the total population,It is called Per capita Imcome.It is the average income of an average person in that country.
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 total National Income is divided by the total population,It is called Per capita Imcome.It is the average income of an average person in that country.