Basically we calculate the national income on the basis of Indian economy that has been divided into 13 sub sectors under primary, secondary and tertiary sector.
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
National income
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
importance of national income.
there are comparison obstacles such as: variations in income distribution amongst different countries being compared size of black market tastes and needs proportion of national income used by the government for defence.
National income is not a good statistic for discussing the income of developing countries as it includes the income of richest and the poorest. It does not represent the equality of income.
The percentage that variable Y accounts for is 100*Variable Y/National Income
Disposable income = Total net income less fixed (unavoidable) costs such as rent, food, utilities etc.
The Product MethodThe Income Method or theThe Expenditure Method
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
firstly there are lack of standardization,i.e,countries compute their national income differently. secondly different needs,tastes and consumption patterns of different countries thirdly Exchange rate,i.e, different currencies to compute national income
National income
Africa India Cuba
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
bcoz its national income
A higher national income reflects an increase in demand from the country itself and exports to outside countries. This contributes to the growth of the economy by increasing employment and wages to meet these demands.
National income- total income of the country Per capita income- average income of the country