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How is national income estimated by income distribution method?
In this method, national income is measured at the stage when factor incomes are paid out by the production units to the owners of the factors of production. The main steps involved in this method are as follows: (1) Classify the production units into distinct industrial sectors like agriculture, forestry, manufacturing, banking, trade etcetera. (2) Estimate the following factor incomes paid out by the production units in each industrial sector: (a)Compensation of employees (b)Rent (c)Interest (d)Profit The sum total of the above factor incomes paid out is the same as net value added at factor cost the industrial sector. (3) Take the sum of factor payments by all the industrial sectors to arrive at the net domestic product at factor cost. (4) Add net factor income from abroad to the net domestic product at factor cost to arrive at the net national product at factor cost.
What is the cost of depreciation of capital equipment minus GNP?
Net National product
The is the gross national product minus the?
A and C Net national product/ depreciation net national product/ capital consumption
Are gross domestic product and net national product equal?
(gross national product or GNP) minus depreciation = net national product
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
How is national income estimated by income distribution method?
In this method, national income is measured at the stage when factor incomes are paid out by the production units to the owners of the factors of production. The main steps involved in this method are as follows: (1) Classify the production units into distinct industrial sectors like agriculture, forestry, manufacturing, banking, trade etcetera. (2) Estimate the following factor incomes paid out by the production units in each industrial sector: (a)Compensation of employees (b)Rent (c)Interest (d)Profit The sum total of the above factor incomes paid out is the same as net value added at factor cost the industrial sector. (3) Take the sum of factor payments by all the industrial sectors to arrive at the net domestic product at factor cost. (4) Add net factor income from abroad to the net domestic product at factor cost to arrive at the net national product at factor cost.
What is the cost of depreciation of capital equipment minus GNP?
Net National product
The is the gross national product minus the?
A and C Net national product/ depreciation net national product/ capital consumption
Is the gross national product minus the?
A and C Net national product/ depreciation net national product/ capital consumption
Are gross domestic product and net national product equal?
(gross national product or GNP) minus depreciation = net national product
What is GDP at FC?
GDP fc is the gross domestic product at factor cost. the production cost for the overall goods and services produced with in an economy. GDP at factor cost = GDP at market price + net indirect taxes net indirect taxes = subsidies - indirect taxes
Net domestic product at factor cost?
Gross domestic product is sum of the gross value added in the various economic activities. GDP at factor cost plus indirect taxes less subsidies on products is known as producer price.
The is the Gross National Product minus the .?
A and C Net national product/ depreciation net national product/ capital consumption
The Net National Product is calculated by deducting specific items from the Gross National Product?
True. (:
Is The Net National Product calculated by deducting specific items from the Gross National Product.?
True. (:
The Net National Product is calculated by deducting specific items from the Gross National Product.?
True. (:
Gross national product minus the capital consumed producing the GNP?
Net National Product
