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प्रश्न
Define National income.
टिप्पणी लिखिए
उत्तर
National Income is a measure of the total value of goods and services produced by an economy over a period of time, normally a year. National Income is also known as Gross National Product or GNP or National Dividend.
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National Income
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संबंधित प्रश्न
What is per capita income?.
What is meant by GNP Deflator?
National Income is otherwise called as ______.
______ is also called as National Dividend.
GDP ______ net factor income from abroad.
Personal income minus direct taxes will give ______.
The key parameters of economic growth of an economy are its GDP and ______ which helps in measuring the actual size of the economy.
Choose the correct statement
- Personal income minus direct taxes gives the disposable income.
- GDP of India includes the market value of all the goods and services produced in the global level.
- Disposable Income minus Transfer payments plus subsidies gives personal income.
- The Quantum of wear and tear expenses are called Depreciation.
Choose the correct statement
- income methods sums up all forms of income earned by individuals who are involved in the production of goods and services.
- There are several methods to calculate National income or GDP.
- The Modern concept of GDP was first developed by Simon Kuznets in 1934.
- The annual GDP of financial year 2017-18 will include only the goods and services produced during that financial year.
What is Disposable Income (DI)?
