Get the answer of: Are NNP and NNI Identical? National income is the net value of all goods and services (national product) produced annually in a nation. There are two measures of national income. One is the market price measure and the other is factor cost measure. The national income at market price has to be adjusted properly to arrive [...]
The upcoming discussion will update you about the differences among GNP, NNP and Disposable income. We can measure 'GNP' in two different ways. As Fig. 5 shows, GNP can be measured either as a flow of products or as a sum of earnings. In the upper loop, people spend their money on final goods. The total dollar flow of these [...]
In this article we will discuss about the difficulties for measuring India’s National income. National income is the net value of all goods and services (national product) produced annually in a country. It can be measured in three ways: (i) Firstly, it can be taken as the domestic product/output of goods and services produced by enterprise within the country. This [...]