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What is national income ? How …

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What is national income ? How is it calculated? Write

Posted by Uday Sharma 6 years, 8 months ago

CBSE > Class 10 > Social Science

2 answers

Yogita Ingle 6 years, 8 months ago

National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation.
NI=NNP +Subsidies-Interest Taxes

0Thank You

Pk . 6 years, 8 months ago

Gdp is national income. It is the sum of money value of primary, secondary and tertiary sector

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