NATIONAL INCOME OF INDIA

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NATIONAL INCOME AGGREGATES

• GROSS NATIONAL PRODUCT (GNP)

 GNP refers to the money value of total output of production of final goods and services produced by the national of a country during a given period of time, generally a  year. 

 •GROSS DOMESTIC PRODUCT(GDP)

It is the total money value of all final goods and services produced within the geographical boundaries of the country during a given period of time.

•GROSS VALUE ADDED(GVA)

It is a measure of the value of good and services produced in an area, industry or sector of an economy. In national accounts, GVA is output minus intermediate consumption, It is a balancing item of the national accounts production account.

•PERSONAL DISPOSABLE INCOME(PDI)

•when personal direct texes are subtracted form personal income, the obtained value is called personal disposable income.



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