National Income Accounting: Concept of National Income, GDP, Prices etc.

The compilation of these Economics Notes makes students exam preparation simpler and organised.

National Income Accounting

Is India a rich country? How do we make this assumption? Is it the natural resources that make a country rich? Or human resources perhaps? The economic wealth of a country depends on the utilization of these resources. Let us look at the concept of National Income and various concepts related to it.