In this lesson, you will the MEANING OF 'national' in the context of national income. You will also learn, about various other concepts relating to national income.. After going through this lesson; you will be able to : explain the concepts of economic (domestic) territory and residents; distinguish between residents and non-residents;. Distinguish between gross and net measures of value added;. Derive the concept of domestic product and national product;. State the different types of final expenditure in an economy;
In this lesson, you will the MEANING OF 'national' in the context of national income. You will also learn, about various other concepts relating to national income.. After going through this lesson; you will be able to : explain the concepts of economic (domestic) territory and residents; distinguish between residents and non-residents;. Distinguish between gross and net measures of value added;. Derive the concept of domestic product and national product;. State the different types of final expenditure in an economy;
In this lesson, you will the MEANING OF 'national' in the context of national income. You will also learn, about various other concepts relating to national income.. After going through this lesson; you will be able to : explain the concepts of economic (domestic) territory and residents; distinguish between residents and non-residents;. Distinguish between gross and net measures of value added;. Derive the concept of domestic product and national product;. State the different types of final expenditure in an economy;