BBS Second Year Note
Macro Economics:
Answer in Nepali and English Medium
Explain the Income Method of Calculating National Income: (10)
Ans:
- The income earned by all the means of production in the country within a period of one year will be added.
- It calculates wages, salaries, interest, taxes and profits.
- National income is obtained by adding net income from abroad to the total income of means of production.
This method includes the following:
It includes wages, salaries, bonuses, commissions, monetary value of facilities, social security, etc.
2. Rent
The income received from land, building etc. is calculated.
3. Interest
It includes all the interest earned by the capital.
4. Profits of business firms
This includes profits made by business firms.
5. Net Indirect Taxes
The direct tax itself is obtained by deducting the subsidy from the total indirect tax.
6. Net income from abroad
When a citizen deducts the income earned by foreigners in that country from the income received from abroad, the net income is obtained.
7. Depreciation fund
8. Self-employed income
This includes partnership programs, self-employment, and family income.
Answer in Nepali Medium
BBS Second Year Note
Macro Economics:
Answer in Nepali and English Medium
Explain the Income Method of Calculating National Income: (10)
BBS Second Year Note
Macro Economics:
