Professional Documents
Culture Documents
Concept of National Income
Concept of National Income
• Economic planning.
• Indicator of economic growth.
• Helps in comparing two situations in 2
countries.
• Determining the regional disparity.
• Measure of economic welfare.
Difficulties in measuring the
national income
• Non-monetized transactions.
• Unorganized sector.
• Multiple sources of earnings.
• Categorization of goods & services.
• Inadequate data.