National Income of France
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National Income National Income is the sum of all the goods and services produced in a country, in a particular period of time. Normally this period consists of one year duration, as a year is neither too short nor long a period.
Concept of National Income:- 1. Gross National Product (GNP):-
GNP at market price is sum total of all the goods and services produced in a country during a year and net income from abroad.
Net Factor Income from Abroad
GNP at Market Price
Gross Domestic Product at Market Price + =
To calculate the GNP these points must be considered: * Consumer goods and services. * Gross private domestic income. * Goods and services produced by Government. * Net income from abroad.
2. Gross Domestic Product(GDP):- Is the market value of all recognized goods and services produced within a company in a particular given period of time. GDP at Market Price is estimated by deducting the value of intermediate consumption from the value of output produced by all the producer within the domestic territory of a country.GDP of the country is measured by the World Bank.
Components of GDP:-
In GDP we find different components of income namely (1) Wages and salaries
(2) Rent
(3) Interest
(4) Dividends
(5) Undistributed Profit
(6) Mixed income
(7) Direct taxes.
3. Net National Product (NNP):-
Is the total market value of all goods and services produced by a country in a given period of time. Net National Product is the difference of Gross National Product and depreciation.
4. Personal Income:- The income actually received by persons from all sources in the form of current transfer payments and factor income.
Total income received by the citizens of a country from all sources before direct taxes in a year.
Personal
National Income National Income is the sum of all the goods and services produced in a country, in a particular period of time. Normally this period consists of one year duration, as a year is neither too short nor long a period.
Concept of National Income:- 1. Gross National Product (GNP):-
GNP at market price is sum total of all the goods and services produced in a country during a year and net income from abroad.
Net Factor Income from Abroad
GNP at Market Price
Gross Domestic Product at Market Price + =
To calculate the GNP these points must be considered: * Consumer goods and services. * Gross private domestic income. * Goods and services produced by Government. * Net income from abroad.
2. Gross Domestic Product(GDP):- Is the market value of all recognized goods and services produced within a company in a particular given period of time. GDP at Market Price is estimated by deducting the value of intermediate consumption from the value of output produced by all the producer within the domestic territory of a country.GDP of the country is measured by the World Bank.
Components of GDP:-
In GDP we find different components of income namely (1) Wages and salaries
(2) Rent
(3) Interest
(4) Dividends
(5) Undistributed Profit
(6) Mixed income
(7) Direct taxes.
3. Net National Product (NNP):-
Is the total market value of all goods and services produced by a country in a given period of time. Net National Product is the difference of Gross National Product and depreciation.
4. Personal Income:- The income actually received by persons from all sources in the form of current transfer payments and factor income.
Total income received by the citizens of a country from all sources before direct taxes in a year.
Personal