CUET-UG Economics / Business Economics Test: National Income Accounting — Flashcards | CUET | FatSkills

CUET-UG Economics / Business Economics Test: National Income Accounting — Flashcards

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National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.

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National Income ordinarily means
net national product at factor cost
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