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National income is the monetary value of all goods and services produced by nationals of a country for participating in productive activities in a period usually a year.

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Q: Define national income and various concept of national income?
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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


National income accountants define investment to include?

any increase in business inventories.


What is the concept of Multiplier?

The concept of Multiplier highlights the effects of initial investment upon national income through changes in consumption expenditure.


What are the features of national income?

*national income statistics provide a wide view of country's entire economy. it provide a wide view of various groups in population who participates as producers and income receiver.


What are the features of income?

*national income statistics provide a wide view of country's entire economy. it provide a wide view of various groups in population who participates as producers and income receiver.


Is production a stock and income a flow?

yes, production is a stock concept and income is a flow concept.


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.


Why national income is important?

bcoz its national income


What are the difficulties in estimating 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.


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 is national income accounting as a methods of national income?

Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method