Question

concepts of national income

Answer 1

The main concepts of NI are: GDP,GNP, NNP, NI, PI, DI, and PCI. These different concepts explain about thephenomenon of economic activities of the various sectors of the varioussectors of the economy. The most important concept of national income is Gross Domestic Product.
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Answer 2

Hii, Your answer is here-
National income can be grouped into two classes -One ,the traditional ,Two Modern
According to traditional capital of a country acting on its natural resources produce annually..
Modern-
According to modern The net output of commodities and services flowing during the year from the country's production..
Concepts of national income-
1-GDP -Gross Domestic product.
2-Gross national product...
3-Personal income..
4-Disposable income...
National income Definition :The total amount of money earned with a country...
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