Social Sciences, asked by muskangarg052oxg3zn, 1 year ago

what is the primary way to deal the national income

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Answered by Emrankhan1
1
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). All are specially concerned with counting the total amount of goods and services produced within some the economy and by different sectors. The boundary is usually defined by geography or citizenship, and may also restrict the goods and services that are counted. For instance, some measures count only goods & services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them. 

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