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?
View AnswerNational 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
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