What do you infer about the national income after studying the definit

1.	What do you infer about the national income after studying the definition given by various economists?
Answer» Evaluation of the meaning of national income on the basis of various definitions: National income is a measurement of income obtained in a definite period of one year. In national income, the final products and services are only considered i.e. partially produced products and services are not considered. National income is a monetary value of final products and services. National income is calculated after deducting depreciation. Goods and services should either be produced or consumed in order to consider them in national income.

What do you infer about the national income after studying the definition given by various economists?

Answer»

Evaluation of the meaning of national income on the basis of various definitions:

National income is a measurement of income obtained in a definite period of one year.
In national income, the final products and services are only considered i.e. partially produced products and services are not considered.
National income is a monetary value of final products and services.
National income is calculated after deducting depreciation.
Goods and services should either be produced or consumed in order to consider them in national income.