National income means the value of goods and services produced by a country during a financial year. Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of money. National income is an uncertain term and is often used interchangeably with the national dividend, national output, and national expenditure. In this chapter, we study the concept of National Income and more.
- The concept of National Income
- Measurement of National Income
- The concept of Consumption, Saving, and Investment
- Economic Growth
- Economic Fluctuations