0
bcoz its national income
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is importance of calculating national income in an economy?
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
What are the Importance of national income with the national income concept?
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
Discuss the advantages and disadvantages of national income of an economy?
main advantages of national income:- 1:Study of All important sectors & Industries 2:An important fact for measuring economic development of Develop countries 3:Analysis of different sectors
What extent does national income measure social welfare?
National income does provide some measure of social welfare, but it is by no means a perfect measure. National income only captures economic activity, and does not take into account other important factors such as environmental quality, leisure time, or income distribution. In addition, national income does not always reflect changes in welfare that may occur over time, such as increases in life expectancy.
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
Explain the importance of national income?
importance of national income.
What are the reason for measuring national income?
You can measure national income by looking at various factors. The most important ones include average living standard and the rate of economic growth. National incomes measures the value of good and services a country produces.
What is national income accounting as a methods of national income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
What is National Income Accounting as a method of National income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
The largest of all the national income measures is?
national income in nigeria
Is GDP a part of national income. which term is broder GDP OR National income..?
National income is a part of GDP. GDP is a broader term.
Why is it important for a country to calculate national income?
so you know how much to spend its like knowing how much money you have in your bank account is important.
