Besides gross domestic product, national income includes also external income, such as nation's interest rate income/expense and trade balance.
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
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.
national income = NNP ( net national product) - indirect business taxes
in 2004 national income of India was $672.8billion!
National income is the sum of factor income accrued to the economic teritory of a country.
Rent and Royalty are added in national income under income method.