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What is per capita income?
it is when the total national is divided by the populationit is number of incom whitch is divided equally among allWhen the total national income is divided by the total population, it is called per capita income.It is the average income of an average person in that country.For example:Let a country's average income be 5000$It doesn't mean that every person is earning 5000$ in that country. But on an average, the income of a person in that country is 5000$.Country with high per capita income is said to be developed.for example U.S.A.
How is a method chosen for measuring National Income?
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
What is the Gross Domestic Income or GDI?
The Gross Domestic Income, or GDI, is total of all income of a country, both from services and products manufactured. It is used to evaluate economic activity based on income.
The total amount of money earned by a country in a specific time period.?
It's National Income.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
What is the formula of average income?
average income of a country = total income of the country÷ population of the country
What is the difference between gross total income and total income?
Gross total income is the total income for the country divided by the amount of people therefore you get what each person in the country would get.
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
What is per capita income?
it is when the total national is divided by the populationit is number of incom whitch is divided equally among allWhen the total national income is divided by the total population, it is called per capita income.It is the average income of an average person in that country.For example:Let a country's average income be 5000$It doesn't mean that every person is earning 5000$ in that country. But on an average, the income of a person in that country is 5000$.Country with high per capita income is said to be developed.for example U.S.A.
How is a method chosen for measuring National Income?
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
How the per capita income of a country is measured?
Per capita income is the income a person living in a country would hypothetically make if all the country's wealth was divided equally among each individual. This value is determined by taking the total personal income of the population (determined by census and estimation) and dividing by the total population.
What is the difference between GDI and GNI?
Gross Domestic Income (GDI) measures the total income earned within a country's borders, including profits and wages. Gross National Income (GNI) measures the total income earned by a country's residents, regardless of where they are located. GDI focuses on income generated within the country, while GNI takes into account income earned by residents regardless of location.
What is the Gross Domestic Income or GDI?
The Gross Domestic Income, or GDI, is total of all income of a country, both from services and products manufactured. It is used to evaluate economic activity based on income.
The total amount of money earned by a country in a specific time period?
It's National Income.
The total amount of money earned by a country in a specific time period.?
It's National Income.
Why the primary sector of the economy contribute a large proportion to total income in a country?
this happen when a country have no industries to manufacture their raw materials
What is a country's gross national product divided by that country's total population?
when national product is divided by population it is called Per Captita Income
