Question

What are the various aggregates of national income?
Please give answers in ur own words.
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Answer 1

There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities. GDP at market price: Is money value of all goods and services produced within the domestic domain with the available resources during a year.In common parlance, national income means the total value of goods and services produced annually in a country. ADVERTISEMENTS: In other words, the total amount of income accruing to a country from economic activities in a year's time is known as national income. ... Concepts of National Income.

Answer 2

HEY FRIEND

HERE IS YR ANS

THERE IS THE VARIOUS AGGREGATE OF NATIONAL INCOME.

* GDP AT THE MARKET PRICE
*GDP AT THE FACTOR COST
*NDP AT MARKET PRICE
*NDP AT FACTOR COST
*GNP AT MARKET PRICE
*GNP AT FACTOR COST

HOPE IT HELP

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