National Income (Contd.) Methods used to measure National Income Calculating National Income There are various methods for calculating the national income such as production method‚ income method‚ expenditure method etc. Income Method: Different factors of production are paid for their productive services rendered to an organization. The various incomes that are included in these methods are wages‚ income of self-employed‚ interest‚ profit‚ dividend‚ rents‚ and surplus of public sector
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NATIONAL INCOME ANALYSIS OF INDIA (1950-2013) India is home to 1.24 billion people‚ which is about 17.5 per cent of the global population. The Indian economy is the 12th largest in USD exchange rate terms. India is the second fastest growing economy in the world. However‚ it accounts for only 2.98 per cent of world GDP in US dollar terms and 5.0 per cent in purchasing power parity (ppp) terms. Hence‚ there exists a huge potential for catch up. The global welfare too is linked to progress in India
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Global Health in Ethiopia August 11‚ 2010 Introduction Ethiopia Ethiopia is a country completely surrounded by land‚ and positioned in the northeast region of Africa. Formally known as Federal Democratic Republic of Ethiopia‚ it is the second most populated country in Africa. As of 2009 the population is estimated to be greater than 79.2 million people‚ and ranked the tenth largest by area with 1‚100‚000 km per square inch. Sudan‚ Eritrea‚ Djibouti‚ Somalia‚ and Kenya are located on the outskirts
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#Discuss the methods of measuring “National Income”. Ans: ‘National Income’ means the total value of goods and services produced annually in a country.There are three alternative methods of measuring national income.They are as follows: 1. Production Method 2. Income Method 3. Expenditure Method These methods are discussed billow: 1. Production Method: In production method national income is a total monetary value of all final goods and services during a
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Ethiopia As the anthropologists say‚ all people come from Ethiopians. “Lucy’s” skeleton discovered in 1974 is considered the oldest human “trace”. It is believed that she lived more than 3 million years ago. At 435‚071 square miles (1‚126‚829 km2)‚ Ethiopia is the world’s 27th-largest country. The major portion of Ethiopia lies on the Horn of Africa‚ which is the eastern most part of the African landmass. Bordering Ethiopia are Sudan and South Sudan to the west‚ Djibouti and Eritrea to the
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Ethiopia PHYSICAL: Relief: Ethiopia consists mainly of Desert and Mountains. Many valleys and plateau ’s also can be found in the country. Due to these landform types the percentage of farm land is approximately 5.7% of the total amount of land in Ethiopia. The amount of arable land is 10% of the 5.7% total. Ethiopia has an area of 1 221 900 sq. km. Ethiopia does not receive any problems such as volcanism‚ tidal waves‚ etc.‚ but it does receive great winds and monsoons. It is located in
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NATIONAL INCOME AND ECONOMIC WELFARE 8.1 INTRODUCTION National income is a measure of production activity. So‚ a higher national income overtime should mean more production and more availability of goods and services to the people. Should more goods mean that people are better off? Are they better of in physical terms‚ or in psychological terms or both? Are there things other than national income which also contribute to the feeling of better off among people ? Are their things counted in national
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Measuring National Income - GDP Name For the following items‚ follow the directions‚ write the correct answer in the blank‚ or circle the correct answer. Having applied for a job at the Commerce Department’s Bureau of Economic Analysis‚ you are given the following hypothetical data to study before your interview. Figures are total value in billions of dollars. Household spending on: Services = $3‚008 Nondurable goods = $1‚776 Durable goods = $706 Business spending on plant and
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ACCESS TO HOUSING FINANCE IN AFRICA: EXPLORING THE ISSUES No. 9 ETHIOPIA ACCESS to housing finance in Africa Overview of the housing finance sector in Ethiopia‚ commissioned by the FinMark Trust with support from Meheret Ayenew Edited‚ and with additional material by Richard Martin July 2009 Access to housing finance in Africa: Exploring the issues (No. 9) Ethiopia BACKGROUND TO THE SERIES Since 2002‚ the FinMark Trust has been pursuing its mission‚ “Making Financial Markets Work
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MACRO-ECONOMICS ASSIGNMENT TOPIC: NATIONAL INCOME ACCOUNTING IN INDIA WITH REFERENCE TO THE YEAR 2010-2011 What is NATIONAL INCOME? The concept of National Income is worth elaborating as it is the index of economic development. Innumerable varieties of goods are produced in an economy in a year. These goods or output are expressed in monetary terms. The aggregate of monetary values of all verities of goods produced in a country during a given period‚ usually a year is called National product. For the production
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