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What is National Income

Defination -
National income is an uncertain term which is used interchangeably with national dividend, national output and national expenditure. On this basis, national income has been defined in a number of ways. In common parlance, national income means the total value of goods and services produced annually in a country.It includes payments made to all resources in the form of wages, interest, rent and profits.

Contents of National Income-
1.) Definitions of National Income

2.) Concepts of National Income

3.) Methods of Measuring National Income

4.) Difficulties or Limitations in Measuring National Income

5.) Importance of National Income Analysis

6.) Inter-Relationship among different concept of National Income