The total income of all the citizens of a country is called ____ of the country.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The total income of all the citizens of a country is called national income of the country.
The national income of a country is a term used to define the total income of a country. It is the total income earned by all the individuals in the country. It is used to compare one nation with the other one. The other most significant use of income is to calculate the country's per capita income or average income. The average income is given more preference over total income to be used as an attribute to compare two nations. It is so because different nations have different populations and varying workforces. The total income may create confusion about one country performing better than the other even if the population of the other is less than the first one.

Watch 3-min video & get full concept clarity

tricks from toppers of Infinity Learn

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET