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What is National Income?

We have already studied that

National Income is net money value of Goods ansd Services Produced by normal residents of a country after Depreciation

it is also called Net National Product at Factor Price (NNPFC )

 

How it is measured?

It is measured by one of 3 methods

  1. Value Added Method
  2. Income Method
  3. Expenditure Method

 

Lets learn about it one by one

Chapter 2 Part 3.jpg

 

NCERT Questions

No questions in this part

 

Other Books

 

Questions 1

What are the various methods of calculating National Income?

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Transcript

What is National Income? We have already studied that National Income is net money value of Goods ansd Services Produced by normal residents of a country after Depreciation it is also called Net National Product at Factor Price (NNPFC ) How it is measured? It is measured by one of 3 methods Value Added Method Income Method Expenditure Method Lets learn about it one by one NCERT Questions No questions in this part Other Books Questions 1 What are the various methods of calculating National Income? -a- National Income is net money value of Goods and Services Produced by normal residents of a country after Depreciation it is also called Net National Product at Factor Price (NNPFC ) It is measured by one of 3 methods Value Added Method Income Method Expenditure Method -ea-

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Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.