Question

List out method of calculating national income

Answer 1

Ways to measure national income

Gross Domestic Product.

Gross domestic product (GDP) is the total value of output in an economy and is used to measure change in economic activity. ...

There are 3 ways of calculating GDP all of which should sum to the same amount:

National Output = National Expenditure (Aggregate Demand) = National Income.

Answer 2

National income is also known as per capita income . It is defined as the total country's income divided by the total population of the country annually is called national income.