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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
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How to measure the national income
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Anonymous User
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National income is measured by the output method by calculating the total value of goods and services produced in the country during the year. The money value of goods and services produced in an economy in an accounting year is called Gross National Product (GNP).
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Anonymous User
![best-answer]()
National income is measured by the output method by calculating the total value of goods and services produced in the country during the year. The money value of goods and services produced in an economy in an accounting year is called Gross National Product (GNP).
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Anonymous User Best Answer
National income is measured by the output method by calculating the total value of goods and services produced in the country during the year. The money value of goods and services produced in an economy in an accounting year is called Gross National Product (GNP).
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Dr. ashish kumar suri
There are three methods to calculate national income. These are: 1. Output or Product Method: In this method national income measured by calculating the total value of goods and services produced in the country during the year. This money value of goods and services produced during an accounting year is called Gross National Product or GNP. 2. Income Method: In this method national income is calculated by measuring the total of all incomes received by people and organization in the country. 3. Expenditure Method: This method include private and government expenditure and the value of newly created capital.