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National Income: Concept of National Income: Objectives by Rohit Kumar 4170 is a document available to read on EtoBox.

The document discusses the concept of national income, including how it is defined and measured. National income is defined as the total income earned by normal residents of a country during a fiscal year from factors of production. It can be measured at factor cost or market price by accounting for indirect taxes and subsidies. Depreciation is also accounted for to distinguish between gross and net national income.

Author

Rohit Kumar 4170

Language

EN