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National 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.
Which one of the following statements with regard to superintendence of Delhi Special Police Establishment is correct?
As per the Competition Act there shall be an abuse of dominant position if an enterprise or a group _______________
How many witnesses will be required for the proof of any fact ____.
A super-imposed photograph of the deceased over the skeleton of a human body to prove that the skeleton was of the deceased is relevant under.
What is the full form of WTO?
Copies made from original by mechanical process are?
Where the committee of creditors resolves to replace the interim resolution professional, it shall ________________________
Under the provisions of The Protection of Women from Domestic Violence Act, 2005, which of the following statement regarding protection order, is wrong?
Who is known as the father of analytical (positive) school of jurisprudence?
The principle covered under S.115 of Indian Evidence Act is?
