Write a short note on national income and per capita income.

National income is the total income of a country, and per capita income is the average income per person.

National income means the sum of all incomes earned by people and companies in a country in one year. It includes wages, profits, rents, and interest.

Per capita income is national income divided by the total population. It shows how much income each person would get on average.

These indicators are used to measure the economic development of a country.