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National Income

National Income

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Published by shivamset576
NATIONAL INCOME PPT FOR BETTER UNDERSTANDING. VIT BUSINESS SCHOOL BY 2009 MBA AND MBA(IB) STUDENTS
NATIONAL INCOME PPT FOR BETTER UNDERSTANDING. VIT BUSINESS SCHOOL BY 2009 MBA AND MBA(IB) STUDENTS

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Published by: shivamset576 on Nov 27, 2009
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04/24/2013

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NATIONALINCOME
PECIAL THANKS TO Dr. ANNADURAI C
PRESENTED BY:
ANURADA S.SUJIT KUMARSHIVAM SETHAURIPRYADARSHNIINDHU RAMCHANDRAN
© VIT BUSINESS SCHOOL , VELLORE, TAMIL NADU.
 
NATIONALINCOME:
WHAT IS NATIONAL INCOME?
NationalIncomeisthesumofallfactorearningsfromcurrentproductionofgoodsandservices.
Factorearningsareincomesoffactoroproduction:land,labor,andservices.or
Thesumofallincomesofthepeopleofacountryiscallednationalincome.National income = value of final goods andservices produced =wages+rent+intrest+profits= National Product
Source: Macroeconomic theories and policies written by Richard T. Froyenpage no.22 part 2.3I.S.B.N:0-02-339591-5
 
THECIRCULARFLOW OFMONEY THROUGH ECONOMY.
MARKETS FOR FACTOROF PRODUCTIONFINANCIAL MARKETSGOVERNMENTMARKETS FOR GOODSAND SERVICESHOUSEHOLDFIRMINCOMEPRIVATESAVINGTAXESCONSUMPTIONFIRM REVENUEFACTOR PAYMENTS
INVESTMENTSOURCE: FIG 3-1, PAGE 45, MACROECONOMIC 6
TH
EDITION BY N. GREGORY MANKIW I.S.B.N:978-0-230-22492-6
GOVERNMENTPURCHASESPUBLIC SAVING

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