Unit VII: National Income - Applied Economics

Unit VII: National Income - Applied Economics

National income is the sum of the income of all individuals in a certain period of time or one fiscal year. Individuals income mainly defines as the money value of his/her earning from productive activities, currently rendering by his /her properties.

National Income - Applied Economics

In this “National Income - Applied Economics” you will learn about following topics:

  1. Introduction to National Income
  2. National Income Accounting
  3. Various Concepts of National Income Accounting
  4. Gross Domestic Product (GDP)
  5. Gross National Product (GNP)
  6. Net National Product (NNP)
  7. National Income (NI)
  8. Personal Income (PI)
  9. Disposable Income (DI)
  10. Methods of Measurement of National Income
  11. Product/ Value Added Method
  12. Income/Factor Income Method
  13. Expenditure Method
  14. Difficulties in Measurement of National Income


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BCA 6th Semester Applied Economics Notes:

Unit I: Introduction Of Economics - Applied Economics

Unit II: Theory Of Consumer Demand - Applied Economics

Unit III: Analysis Of Cost And Revenue - Applied Economics

Unit IV: Theory Of Production - Applied Economics

Unit V: Product Pricing - Applied Economics

Unit VI: Factor Pricing - Applied Economics

Unit VIII: Theory Of Employment - Applied Economics

Unit IX: Consumption Saving And Investment Functions - Applied Economics

Unit X: Business Cycle - Applied Economics

Unit XI: The Mechanism Of Foreign Exchange - Applied Economics

Unit XII: Macro Stabilizing Policies - Applied Economics

Unit XIII: Economics Of Development - Applied Economics


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