Question

State the various component of
the the income method that are used to calculate national income.​

Answer 1

National Income = Rent + Wages + Interest + Profit + Mixed-Income.

National Income = C + G + I + NX.

National Income = (NDPFC) + Net factor income from abroad.

Answer 2

Answer:

national income is calculated by a formula which is

Explanation:

National Income = C (household consumption) + G (government expenditure) + I (investment expense) + NX (net exports)

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