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National Income Accounting- NCERT Notes UPSC

Apr 6, 2022

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Circular Flow of Income

Methods to Calculate Aggregate Value of Production

The Product Method

 Expenditure Method

Income Method

Factor Cost, Basic Prices and Market Prices

Some other Macro-Economic Identities

Gross Domestic Product

Gross National Product (GNP)

Net National Product (NNP)

Personal Income

Personal Disposable Income

National Disposable Income

Private Income

Nominal and Real GDP

Real GDP

Nominal GDP

GDP Deflator

Consumer Price Index (CPI)

GDP and People’s Welfare

Interesting Points

National Income Accounting- NCERT Notes UPSC
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