Class 11 Economics – National Income Accounting

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Chapter 3: Macroeconomics

3.2 National income accounting

3.2.1 Various concepts of National income: Gross Domestic product (GDP),Gross National Product (GNP), Net National Product (NNP), National Income (NI), Personal Income (PI), Disposable Income (DI) and Per Capita Income (PCI)

3.2.2 Nominal and real GDP, difference and calculations: GDP deflator.

3.2.3 Measurement of national income: Product, Income and Expenditure methods.

3.2.4 Difficulties in measuring national income in reference to Nepal

Also Visit:

1. Consumer’s Behavior
2. Theory of Production
3. Meaning of Macro Economics

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Notes By:

Notes By: Bhumika Chand

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