Question

Q2 How we can calculate national income with the help of income and production method.
​

Answer 1

Answer:

In the income method, the national income is measured by adding up the pretax income generated by the individuals and companies in the economy. It consists of income from wages, rent of buildings and land, interest on capital, profits, etc.

Answer 2

Answer:

In the income method, the national income is measured by adding up the pretax income generated by the individuals and companies in the economy. It consists of income from wages, rent of buildings and land, interest on capital, profits, etc.

hope it's helpful