Economics… Difficulties in the Measurement National Income 30 Jul 2020 Difficulties in the Measurement National Income - There are many difficulties in measuring national income of a country correctly. The difficulties are of two types in nature conceptual and statistical.…
Economics Income Method of Measuring National Income 29 Jul 20209 Aug 2020 Income Method of Measuring National Income - Income method measures national income at the phases of distribution and appears as income paid and/or received by individuals of the country. In…
Economics… Expenditure Method of Measuring National Income 28 Jul 20209 Aug 2020 Expenditure Method of Measuring National Income - Expenditure method gives the national income by adding up all the expenditures made on goods and services during a year. Income can be…
Economics Value Added Method of Measuring National Income 27 Jul 20209 Aug 2020 Value Added Method of Measuring National Income - Value Added Method is also called Output Method or Production Method. In this method, the economy is divided into different industrial sectors…
Economics… National Income – Limitations of using GDP as an Index of Welfare of a Country 27 Apr 20202 May 2020 # Limitations of using GDP as an Index of Welfare of a Country @ Many goods an services contributing economic welfare are not included in GDP or Non-Monetary Exchanges -…
Economics… National Income – Concept – Part 2 23 Apr 20202 May 2020 Real & Nominal Concepts # Real National Income or National Income at Constant Price - When the national income is calculated on the basis of base year price index, then…
Economics… National Income – Concept – Part 1 22 Apr 20202 May 2020 Before we start we need to understand some basic concepts of Income Gross - Whenever we say Gross it means we are including Depreciation to the value of the product.…
