Question

Define national incoming and explain how it is measured

Answer 1

The sum of income taken from all sectors, including personal, business and government. Also called NNI. Where: C = Consumption, I = Investments, G = Government spending, NX = Net exports (calculated by subtracting imports from exports), NFF = Net foreign factor income, IT = Indirect taxes, D = Depreciation.

It is measured by three methods÷
1.Value added Method
2.Income Method
3.Expenditure Method

Hope it will help you lot...