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One disadvantage of using national income is that it is often difficult to tell between final goods and intermediate goods. Another disadvantage is problems with double counting.
An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
$2140 (2010-11)
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
2140 USD (World bank)
National income- total income of the country Per capita income- average income of the country
importance of national income.
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
national income in nigeria
National income is a part of GDP. GDP is a broader term.