Difference between national income and per capita income
Asked by admin @ in Social Sciences viewed by 313 People
Distinguish between national income and per capita income
Answered by admin @
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.
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