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oksano4ka [1.4K]
2 years ago
11

National income measures

Social Studies
1 answer:
Igoryamba2 years ago
6 0

<u>Answer: </u>

A

<u>Explanation: </u>

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

<u>The uses of national income statistics: </u>

  • To see the rate of economic growth
  • To see the changes in average living standard
  • To see the distribution of the income

<u>There is three-way to calculating GDP: </u>

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

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