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.

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

Introduction to National Income
National Income Accounting
Various Concepts of National Income Accounting
Gross Domestic Product (GDP)
Gross National Product (GNP)
Net National Product (NNP)
National Income (NI)
Personal Income (PI)
Disposable Income (DI)
Methods of Measurement of National Income
Product/ Value Added Method
Income/Factor Income Method
Expenditure Method
Difficulties in Measurement of National Income

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