What do you mean by national income of a country?
Answer:
National Income :
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.
For example, if an Indian -owned company operating in another country sends some of their incomes (profits) back to India, the India's GNI is enhanced. Similarly, the repatriation of profit from a US-owned company operating in the India will count towards US GNI, but not affect India's GNI
the total income earned by the country due to export nd import business profit,
i mean including both import nd export business of the country
its a total income generated with in a country. that is income collected by your exports, foreign exchange earned in any ways, taxes being collected by the government, and consumption of utilities. All these factors contributes towards a country's national income.
The national income of a country is the sum total of Factor income generated by normal residents of a country during a
financial year.It also includes Net factor income from abroad..
It is defined as the total value of all the goods and services produced by normal residents of a country during the finncial year.
The balanced net income after calculating debit and credit
National Income :
Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.For example, if an Indian -owned company operating in another country sends some of their incomes (profits) back to India, the India's GNI is enhanced. Similarly, the repatriation of profit from a US-owned company operating in the India will count towards US GNI, but not affect India's GNI
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