National income is the total value of goods and services produced by acountry in a certain period of time, usually during

Whatis national income?

National income is often used as an indicator to measure

GrossDomestic Product (GDP) is calculated by adding up the value of goods andservices produced within a country. Which of the following is included in thecalculation of GDP?

The following are components of expenditure in the calculation of National Income.Except

In the income approach, the calculation of National Income is done by summing upthe services of the following factors of production, except

 A country's Gross National Product (GNP) takes into account all of the following except

One method of calculating National Income is the income approach. In this method,what is calculated is the compensation for factors of production received inthe form of

Why is it important to calculate a country's national income?

 In the context of national income, the goods that are counted are