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Home » Explain the Income Method of Calculating National Income: Macro Economics: BBS Second Year Note
Chapter Two: National Income Accounting

Explain the Income Method of Calculating National Income: Macro Economics: BBS Second Year Note

Your All NotesBy Your All NotesJune 22, 2022No Comments2 Mins Read
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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:

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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)
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