Professional Documents
Culture Documents
NATIONAL INCOME
Presented by- Group No. 3
Akanksha Singh 08PG003
Gagandeep 08PG015
Ketan Kanaujia 08PG027
Nisha Krishna 08PG038
Sonal Gupta 08PG050
Tavleen Kaur 08PG062
NATIONAL INCOME
Measure of the total value of the
goods and services(output)
produced by an economy over a
period of time (normally a year)
Also a measure of the income
flown from production, and/or the
sum total of all the spending
involved for the production of
output
THE CIRCULAR FLOW OF
INCOME
Two-Way
Circular flow of
Income
Disposable income =
consumption expenditure +
savings
CORPORATE INCOME
Incomes and profits of companies
or public corporation
DOMESTIC INCOME
Income generated by the factors
of production within the country
from its own resources
PER CAPITA INCOME
• Conceptual Difficulties
Black Money
Non-Monetization
Overlapping of occupation
Services go unaccounted
• Statistical Difficulties
• Error of double counting
USES OF NATIONAL
INCOME
Helps study the rate of growth of an economy
Helps study inter-sectoral growth
Enables study of inter-class income
distribution
Helps make international comparisons, living
standard of people
Helpful in planning and evaluating plan
progress
Helps measure capacity of each country to