National Income — Economics STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsNational Income2 Marks
Question
Explain the relation between national income and per capita income.
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Answer
In general. there is a direct relationship between change in national income and change in per capita income. Income. But if. in any country, the growth rate of population is higher than the growth rate of National income then per capita income growth rate turns negative. National income growth rate - Population growth rate = Per capita income growth rate.
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