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Start learning 50% faster. Sign in nowNational income accounts have three sides: a product side, an expenditure side and an income side. So there are three methods of measuring national Income. They are 1. Output/Production or value added method 2. Incomemethod 3. Expenditure Method · The product side measures production based on concept of value added and has two widely reported measures of overall production namely, Gross Domestic Product (GDP) and Gross National Product (GNP). · The expenditure side looks at the final sales of goods and services, Whereas the income side measures the distribution of the proceeds from sales to different factors of production. · Accordingly, national income is a measure of the total flow of ‘earnings of the factor-owners’ which they receive through the production of goods and services. · Thus, national income is the sum total of all the incomes accruing over a specified period to the residents of a country and consists of wages, salaries, profits, rent and interest.
Answer the following question based on the direction given below.
If 'A@B' means 'A is the mother of B'
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How is U related to P?
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Four of the following five are alike in a certain way based on a group, which among the following does not belong to that group?
How is H related to N?
How many male members are there in the family?
Priya said to Neema,” That girl playing Badminton is the elder of the two sister of the son of my mother’s husband”. How is girl related to Priya?...
How is M related to I?
Answer the questions based on the information given below.
There are eight persons M, N, O, P, Q, R, S, and T in a family of three generations...
Answer the questions based on the information given below.
Eight persons M, N, O, P, Q, R, S, and T belong to a family of three generations. T...