Question

One of the objectives of calculating national income is to compare the economic
growth of different countries. Mention other objectives.​

Answer 1

Answer:

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost).

Answer 2

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• ᴛʜᴇ ᴀɪᴍ ᴏғ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ɪs ᴛᴏ ᴇɴsᴜʀᴇ ᴄᴏɴsᴛᴀɴᴛ ɢʀᴏᴡᴛʜ ᴀɴᴅ ᴇǫᴜɪᴛᴀʙʟᴇ ᴅɪsᴛʀɪʙᴜᴛɪᴏɴ ᴏғ ʀᴇsᴏᴜʀᴄᴇs.
• ᴛʜᴇ ᴏʙᴊᴇᴄᴛɪᴠᴇs ᴏғ ᴛʜᴇ ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ᴀʀᴇ ᴛᴏ ᴇɴsᴜʀᴇ ᴛʜᴀᴛ ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄᴀᴄᴛɪᴠɪᴛɪᴇs ᴀʀᴇ ᴄᴀʀʀɪᴇᴅ ᴏᴜᴛ ɪɴ sᴜᴄʜ ᴀ ᴡᴀʏ ᴛʜᴀᴛ ᴛʜᴇ ᴍᴀᴊᴏʀɪᴛʏ ᴏғ ᴘᴇᴏᴘʟᴇ ᴀʀᴇ ʙᴇɴᴇғɪᴛᴛᴇᴅ ᴀɴᴅ ᴛʜᴇ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴏғ ᴛʜᴇ ɴᴀᴛɪᴏɴ ɪs ᴇɴsᴜʀᴇᴅ.