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explain term average income and national income

Posted by Saif Siddiqui 3 years, 4 months ago

CBSE > Class 10 > Social Science

3 answers

Rachit _Rohilla_Rajput 3 years, 4 months ago

Average income is the per capita income. It is calculated by dividing the total income of the country by its total population. National income is the sum total of all the goods & services produced in a country along with the income obtained from the foreign countries.

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Swara Gabhane 3 years, 4 months ago

National income means the total value of all the goods and services produced within a country plus net income coming from abroad.

1Thank You

Swara Gabhane 3 years, 4 months ago

Average Income means the total income of the country divided by total population of the country

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