Question

give me a rule for calculating the national income with three methods

Answer 1

By PCI ( per capita income)
By GDP(Gross domestic product)
By GNP ( gross national product)

Answer 2

For calculating national income-, an economy is looked upon from three different angles, which are as follows:

1. Production units in an economy are classified into primary, secondary, and tertiary sectors. On the basis of this classification, value-added method is used to measure national income.

2. Economy is also viewed as a combination of individuals and households owing different kinds of factors of production. On the basis of this combination, income method is used for estimating national income.

3. Economy is viewed as a collection of units used for consumption, saving, and investment. On the basis of this collection, final expenditure method is used for calculating national income.