Title: National Income

Essay Details

Subject: History
Author: Bertha M
Date: September 6, 2015
Level: University
Grade: A
Length: 2 / 312
No of views: 0
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The standard measures of income and output are Gross National Product (GNP), Gross Domestic Product (GDP), Gross National Income (GNI), Net National Product (NNP), and Net National Income (NNI). In India, the Central Statistical Organisation has been estimating the national income. You measure your academic performance in relation to other students by the percentage of the marks scored by you...

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Similarly a country’s economic performance has been measured by indicators of national income such as GDP or GNP. Further, measuring national income is essential for various purposes that include projection about the future course of the economy, assisting government as the basis to design (or redesign) suitable development policies, helping firms in forecasting future demand for their products and facilitating international comparison...

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