Question

How To Calculate Natinal Income​

Answer 1

Methods of Calculating National Income:

1. According to the income method:
2. National Income = Rent + Wages + Interest + Profit + Mixed-Income.
3. Hence, according to the expenditure method:
4. National Income = C + G + I + NX.
5. Hence, according to the value-added method:
6. National Income = (NDPFC) + Net factor income from abroa