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National Income is essentially what a country produces in a given year. It takes into account the value of all the goods and services in an economy. The term is interchangeable with GDP or GNP (2 slightly different concepts)

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What are components of national income?

compensation of empoloyees


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


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 method of National income?

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


What is national income accounting as a methods 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.


What is meant by national income in monetary term?

National income in monetary terms refers to the total value of all goods and services produced within a country's borders over a specific period, typically measured annually. It includes various components such as wages, profits, rents, and taxes minus subsidies. This metric serves as an indicator of a nation's economic performance and overall economic health, reflecting the income earned by residents and businesses. National income can be expressed in several ways, including Gross Domestic Product (GDP), Gross National Product (GNP), and Net National Income (NNI).


What indicate the national income?

national income = NNP ( net national product) - indirect business taxes


What is the national income of India in 2008?

in 2004 national income of India was $672.8billion!