Question

how is the national income of the country calculated ?

CLASS 10

Answer 1

Explanation:

National income can be calculated by three methods: ... Income method: In this method, national income is measured as a flow of factor incomes. There are generally four factors of production labour, capital, land and entrepreneurship. Expenditure method: In this method, national income is measured as a flow of expenditure.

Answer 2

Answer:

The following points highlight the top three methods of calculating national income of a country. The methods are: 1. Production Method or Value Added Method 2. Income Census Method 3. Expenditure Method.