Question

How to calculate national income?? ​

Answer 1

hey, here is your answer....

National income is nothing but GDP...

CALCULATION OF GDP :

# National output = national expenditure(Aggregate Demand)= National income.

#The Expenditure Method - Aggregate Demand(AD)

# GDP = C + I + G + (X - M) where,

C = Household spending on goods and services.

I = Capital Investment spending.

G = Govt. spending.

X = Exports of goods and services.

M = Imports of goods and services.

#The Income Method - adding together factor incomes ...

Hope this helps you..

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