coe+os+mi=_____________
Answers
Answered by
0
National income is calculated by income generated at different levels of the economy it includes compensation of employees, operating surplus, and mixed-income by self-employment.
Compensation of employees includes there wages and salaries, perks and allowances and any other benefits which they get from there, employer.
Operating surplus includes rent, interest, dividend received and the amount after paying off the taxes.
Mixed-income is nothing but the income earned by self-employment.
The formula under this method is:-
C.O.E + O.S + Mixed-income = NDPfc
And by just adding NFIA into it we get NNPfc National income
C.O.E is Compensation of employees
O.S is Operating surplus
Similar questions