What is meant by national income
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Posted by Himanshu Mittal 5 years, 4 months ago
- 3 answers
Sonu Chand 5 years, 4 months ago
Yogita Ingle 5 years, 4 months ago
Net National Product at FC (National Income) : It is the sum total of factor
incomes (compensation of employees + rent + interest + profit) earned by
normal residents of a country in an accounting year
or
NNPFC = NDPFC + Factor income earned by normal residents from abroad –
factor payments made to abroad.
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Aaiman Farhin 5 years, 4 months ago
0Thank You