2 years ago

National income measures

Social Studies

1 answer:

Igoryamba2 years ago

6 0

Answer:

Explanation:

National income measures the monetary value of the flow of output of the goods and services produced in an economy over some time.

The uses of national income statistics:

To see the rate of economic growth

To see the changes in average living standard

To see the distribution of the income

There is three-way to calculating GDP:

National output is equal to the national expenditure is equal to national income

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