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To increase national income, a country can focus on boosting productivity through investment in infrastructure, technology, and education, which enhances the skills of the workforce. Encouraging innovation and entrepreneurship can lead to the development of new industries and job creation. Additionally, implementing sound fiscal and monetary policies can stimulate economic growth by increasing consumer and business confidence, leading to higher spending and investment. Lastly, promoting exports and reducing trade barriers can expand market access and increase overall economic output.
What else can I help you with?
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
How do you increase the national income of a country?
More exports less inports
How foreign exchange improves national income?
as national income is the sum of goods and services produced within a country and income from abroad. hence increase in foreign exchange will increase the national income.
What is induced investment?
Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
An increase in the standard of living results from an increase in what?
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.Income
How do you increase the national income of a country?
More exports less inports
How do you increase national income of the country?
More exports less inports
National income accountants define investment to include?
any increase in business inventories.
Why an exogeneously motivated decrease in exports may impact adversely on the national income?
Since exports increase a country's national income, and are determined by a number of variables, therefore an exogeneously motivated decrease (determined outside domestic control) will obviously have an adverse effect on national income.
How marketing help in increasing national income?
marketing helps to add value in goods and services produce thus an increase in the national output
How the higher national income will contribute he growth of the economy?
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.
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
Why national income is important?
bcoz its national income
