Question

What do you mean by national income? How it can be measured? What are the methods in the measurement of national Income?​

Answer 1

Answer:

The national income of a country can be measured by three alternative methods: (i) Product Method (ii) Income Method, and (iii) Expenditure Method. 1. Product Method: In this method, national income is measured as a flow of goods and services

Explanation:

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Answer 2

The national income of a country can be measured by three alternative methods: (i) Product Method (ii) Income Method, and (iii) Expenditure Method. 1. Product Method: In this method, national income is measured as a flow of goods and services