Answer :

Following are the Methods of Calculating National Income:


a. Income method is a technique used to calculate national income of an economy. It accounts for all the payments and income received by people in an economy.


b. Expenditure method, it calculates the total expense of people on goods, services and investments.


c. Product method, it is the total value of goods and services produced in the geographical boundary of an economy.


In India, product and income method is widely used.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Explain twoTamil Nadu Board - Economics

Find out the Per Tamil Nadu Board - Economics

How you arrTamil Nadu Board - Economics

What is LaiTamil Nadu Board - Economics

Explain theTamil Nadu Board - Economics

Explain theTamil Nadu Board - Economics

Write any tTamil Nadu Board - Economics

Write aboutTamil Nadu Board - Economics

What a noteTamil Nadu Board - Economics

Give examplTamil Nadu Board - Economics