National income accounting
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National Income Accounting. Dr. Kishor Bhanushali. National Income Estimation. Economic performance Economic analysis Forecasting Indicator of Nation’s Economy As a means of indicating changes in a country’s standard of living To indicate changes in economic growth of a country

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National Income Accounting

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National income accounting

National Income Accounting

Dr. KishorBhanushali


National income estimation

National Income Estimation

Economic performance

Economic analysis

Forecasting

Indicator of Nation’s Economy

As a means of indicating changes in a country’s standard of living

To indicate changes in economic growth of a country

As a means of comparing the economic performance of different countries


World bank 2005

World Bank 2005

Up to US $ 875 = Low income countries

US $ 876 – US $ 3465 = Lower Middle

US $ 3466 – US $ 10725 = Upper Middle

More than US $ 10726 = high income


Gross national product

Gross National Product

  • The GNP at market price stands for the monetary value of all goods and services that are

  • Currently produced

  • Sold through official market

  • Not resold or used in further production during the measurement period

  • Produced by nationally owned resources (factors of production)

  • Valued at market prices for a given period of time


National income concepts

National Income concepts

GDP at Market Price

GDP at Factor Cost

GNP at Market Price

GNP at Factor Cost

NDP at Market Price

NDP at Factor Cost

NNP at Market Price

NNP at Factor Cost

Personal Income

Disposable Income


National income accounting

NNP mp

GNP

mp

GNP

fc

- depreciation

-net indirect taxes

-net income from abroad

- depreciation

GDP

mp

-net indirect taxes

-net income from abroad

-net income from abroad

NNP

fc

-net indirect taxes

- depreciation

-net income from abroad

NDP

mp

NDP

fc

GDP

fc

-net indirect taxes

- depreciation


National income india

National Income: India


National income accounting

Thanks


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