What is National Income? Definition, aggregate, calculation formula and mathods|| India's National income
National income is an uncertain term which is used interchangeably with national output, national expenditure and national devidend. On the basis of national income accounting records the leel of activity in account such as total revenue earned by domestic corporation, income tax by corporation, wages paid to foreign works....etc 1. What is national income? National income is defined as total net earnings from the production of goods and services in country over a period of time, usually one year consisting essentially of wages, salaries,rent, profits and intrest. * National income formula* For the calculation of national income specific formula use is... National income= C+I+G+(X-M) National income is considered as NNP at factors coast. Where, C= Total consumption expenditure I=Total investment expenditure G= Total government expenditure X= Export M= Import 2. How can national income measure? National income can be measured or estimated by..... - Gross National product ( GN