Question

It is not right way to measure the development through national income

Answer 1

Answer:

The national income of a country can be measured by three alternative methods: (i) Product Method 

(ii)Income Method

, and

(iii) Expenditure Method Product Method: In this method, national income ismeasured as a flow of goods and services

Answer 2

It is not right way to measure the development through national income

Explanation:

• According to the standards of the measurement of the development of the nations the income is considered to be as an asset and though this we are able to manage the GDP of the nation and as per the rise in the per capita income of the country and is estimate of the important in the lives of the people.

• The gross national production and population growth are measured by the urbanization, consumption per capita along with the infrastructure and the social conditions of the country.  

• The nation's income firms base to access to the purchasing capacity of the country and changes are seen on the economic output at each and every year due to the variation of the consumer's tastes and preferences in the market.

• Thus it's a good and effective method to measure the development of the nation in terms of the goods produced and sold in the market hence the nation's income is an effective and efficient way of understanding the economics of the country.

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• https://brainly.in/question/13233671 answered by Gyanendramishra1111