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Glossary 1 GNP : Total money value of final goods and services produced in a country during a particular year (one year) including depreciation and net exports 2 NNP : Total money value of final goods and services produced in a country during a particular year (one year) excluding depreciation including net exports 3 NNP […]
What is national income : National Income provides a comprehensive measure of the economic activities of a nation. It denotes the country’s purchasing power. The growth of an economy is measured by the rate at which its real national income grows over time. National income thus serves as an instrument of economic planning.Further, national income […]