Tag Archives | Income

What are various constituents of domestic factor income?

What are various constituents of domestic factor income? Generation of income refers to the generation of income of the factors in the production process. Every production involves flow of goods, production of output also leads..

What are the methods of presenting national income accounting?

What are the methods of presenting national income accounting? The national income accounting is otherwise called “Social accounting”. The national income accounting is a method to present statistically the inter-relationship.. 

5 most important Characteristics of National Income Accounting

5 most important Characteristics of National Income Accounting. The principal forms of economic activity are production, consumption, capital accumulation, Govt, transactions and transactions with the rest of the world. These are the components of social or national income accounting.

How to estimate National Income?

How to estimate National Income? Expenditure method is also known as consumption and investment method. Expenditure method measures national income as the aggregate of all final expenditure on gross domestic product in an economy during a year.

10 most essential concepts of national income explained

10 most essential concepts of national income explained. National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year. Thus it is the aggregate values of goods and services rendered…

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