What is meant by National Income?
National income is a money value of all the final goods and services produced by a country during one year
What consists to calculate National Income of a country ?
It consists collection of different types of goods of all sizes and shapes and services of different types
How can measure the value of all goods and service produced in a country ?
Value of Goods and services produced is measured by Money
How can easily find out the growth of country ?
To find out the growth of an economy by checking the national income figures of the country for a number of years
How to calculate per capita income ?
Per capita Income= National income / Population
What is meant by GDP ?
Gross Domestic Product is the money value of final goods and services produced in the domestic territory of a country during an accounting year
How to calculate GDP?
Per capita GDP= Gross domestic product/Population
What are the basic economic activities ?
Production, Consumption and Capital Formation
How to classify the producers in the domestic territory ?
1. Central Government
2. Corporate and quasi corporate enterprises
3. Households (including unincorporated enterprises and private non profit institutions serving households)
What is meant by Public consumption expenditure ?
The expenditure of the government for the production of goods and services for collective consumption is called as public consumption expenditure
When did the first official estimates of the national income for the Indian Union were prepared in India ?
Which organization is related with calculation of National Income of India ?
The Central Statistical Organization (CSO)
What is meant by disposable income ?
Income of the nation from all sources after deduction of all current transfers paid. It is equivalent to national income at market prices adjusted for all current transfers
What is meant by Enterprise ?
Ultimate unit in institutional classification
How can simply classify the production ?
Activity which produces commodities or increases the value of the commodities
Prepared by S Jayachandran , SA , Divisional office , Mavelikara-690101
Monday, December 5, 2011
Some useful information related with National Income , GDP and Growth of Economy
Posted by Jayan Jayan at 7:52 PM