Question

All formulas which are used in national income 2

Answer 1

Answer:

national income 100× the capital amount\ objectives value.

Answer 2

Answer:

Explanation:

The national income of a country can be measured by three alternative methods:

(i) Product Method

(ii) Income Method, and

(iii) Expenditure Method.

1. Product Method:

In this method, national income is measured as a flow of goods and services.