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How royalty will be treated while calculating NNPfc (national income)? Plzz tell me

Posted by Gurpreet Kaur 4 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Meghna Thapar 4 years, 2 months ago

National income or the gross national income is the total income earned by all residents and enterprises of a country over a specific period. You can also define national income as the total value of all goods and services produced over a specific period of time. Now, there are several methods of calculating national income.

The three most common methods are the value-added method, the income method, and the expenditure method. The value-added method focuses on the value added to a product at each stage of its production.

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CBSE > Class 12 > Economics