National income is important to measure a country's economic performance, growth, composition and structure. It helps governments formulate development plans and policies and helps producers forecast demand. National income represents the total value of all final goods and services produced domestically during a year, including net income from abroad. It is calculated using product, income and expenditure methods. India's national income estimation evolved from individual studies to an official Central Statistical Organization that regularly revises estimation methods and base years. Key difficulties include non-monetized sectors and lack of reliable statistical data.
All the information about the fiscal policy is provided in this slide for ever BBA student it is easy to understand the fiscal policy and its terms and types INFORMATION FOR CLASS PROJECTS AND CLASS PRESENTATION
Information on Fiscal Policy including that of the impact on AD and the Economics Objectives or Inflation, Economic Growth, Unemployment and Balance of Payments
All the information about the fiscal policy is provided in this slide for ever BBA student it is easy to understand the fiscal policy and its terms and types INFORMATION FOR CLASS PROJECTS AND CLASS PRESENTATION
Information on Fiscal Policy including that of the impact on AD and the Economics Objectives or Inflation, Economic Growth, Unemployment and Balance of Payments
all about national income gdp, management , sector models,methods to calculate gdp that you want to learn as a beginner.ppt from CABM students gbpuat, Pantnagar
All about national income that u need to know for beginners. various methods to calculate gdp,gnp etc
presented by students of College of Agribusiness Management, govind ballabh pant university of agriculture & technology.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Macroeconomics deals with the economy as a whole; it examines the behavior of economic aggregates such as aggregate income, consumption, investment, and the overall level of prices.
Introduction National Income Analysis.docxRamuRao7
Dear Esteemed Readers,
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Concept of national income and comparison with pakistanAgamya Dixit
It discusses the various concepts of national income like GDP, GNP, circular flow of income , etc .. It also brings to light the data related to national income for past few years and the trends. It also presents a comparison with the national income trends of Pakistan.
Concept of National Income with GDP GNP NNP& NDPAnkit Singh
It is the detailed study of National Income in a macro economics of a country with the methods of its measurement and concepts related to it like Gross Domestic Product, Gross National Product, Net Domestic Product, Net National Product.
National Income and Its Measurement
Techniques
• Inflation, Causes and Controlling
• Business Cycle
• Forms of Business
• Management Functions
• Managerial Skills
• Levels of Management
• Role of a manager
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
2. The Importance of National Income
To measure the level of country’s economic performance.
To compare the economic growth in relation to previous year(s) and
also with the Rest of the World.
To know the composition and structure of the national income in
terms of various sectors and the periodical variations in them.
To make projections about the future development trend of the
economy.
To help government formulate suitable development plans and
policies and targets for different sectors of the economy.
To help producers in forecasting future demand for their products.
3. Introduction
An economy can be defined as an integrated system of
production, consumption & Exchange
In carrying out these economic activities, people are
involved in buying and selling of goods and services.
It is useful to understand the mechanism of income &
expenditure flows
How these flows are generated?
How they make the system work?
4. Economic activities generate two kinds of
flows:
- Real flow: factor flow and goods flow
- Money flow: factor payments
Factor payment take form of expenditure flow
on consumer goods and services
The entire economic system can therefore be
viewed as circular flows of income and
expenditure
Magnitude of these flows determine the size of
national income
6. Models of Circular Flows
Two-Sector Model including Household and the
Business sector
Three- Sector Model including household, business &
Government Sector
Four-Sector Model including household, business,
Government & Foreign Sector
7. Two Sector Model
An economy which consists of only households and firms
operating in a closed economy
Households:
• owner of all the factors of
production
• their income consists of wages,
interest, rent & profits
• they are consumers of all goods
and services
• they spend their entire income
and if they save any part of
income they invest it in the firm
Business Firms:
• Own no resources of there
own
• Produce goods and services
only as much as demanded by
the households.
• Firms make payment to the
households in the form of rent
, wages , interest & profits
• There is a closed economy
operating system
8. Two Sector Model
Households Producers
Goods & Services
Factor Payments (R+W+I+P)
Factor Services
Payment For Goods & Services
9. Withdrawals & Injections
In reality, however, there are leakages from and
additions to the circular flows of income and expenditure
The leakages and additions are also called withdrawals
and injections, respectively.
10. Withdrawals
Withdrawal is the amount that is set aside by the
households and the firms and is not spent on the
domestically produced goods and services over the
period of time .
Example a household sets aside a part of income for old
age or against the loss of job.
Saving is a withdrawal.
When savings are invested, they take a form of
injections
Firms may also withhold a part of their total receipts and
may not return it to the circular flows in the form of
factor payments in anticipation of depression
Such withdrawals reduce the size of circular flows
11. Injections
Amount that is spent by households and firms in
addition to their incomes generated within the regular
economy
Injection by the household may be in the form of
spending inherited savings or the hoarding
Firms can inject money by spending their retained
earnings or borrowing from outside
Injections increase the size of circular flows
12. Two Sector Model With Savings
Entire money income generated by firms flows back again to the
household as the factor payments and further to the firms .
Households Producers
Factor Services
Factor Payments
Goods & Services
Payment For Goods & Services
Capital
Market
Savings
Borrowings
Savings Borrowings
14. In a Three Sector Model
Magnitude of flow between the households and the firms is
reduced because a part of income flows to the government
sector
The household income is claimed by the government in the
form of direct taxes
A part of earnings of producers reaches in the form of
corporate taxes
Government imposes indirect taxes
Government spends a part of this revenue in the form of
factor payments and public expenditure and extends the
subsidies
Thus, money that flows to the government flows back to
these sectors
15. Circular Flow in A four Sector Model
Foreign sector consists of two kinds of international
transactions
Exports & imports of goods and services
Inflow and outflow of capital
16. Four-Sector Model
Households Producers
Factor Payments
Payment For Goods & Services
Capital
Market
Savings
Borrowings
Savings Borrowings
Government
Savings
Borrowings
ROW
Payments
for
Exports
Payments
for
Imports
Payments for Exports
Payments for Imports
17. Definition of National Income
Money value of all final goods and services,
produced in an economy of a country, during
an accounting year, including net factor
income earned from abroad.
18. Methods of Calculating National Income
Product or Value added method
Income method
Expenditure method
20. Some Related Concepts
• Personal Income : It is the income which an
individual earns from all the sources.
• Personal Disposable Income : Personal Income
– Direct Taxes
• Per Capita Income = National Income
Total Population
22. Pre-Independence Estimates of National Income:
No official body in India to prepare National Income
estimate
Prepared by some eminent personalities in their
personal capacity.
Dadabhai Naoroji, prepared the first estimates of
National income in 1876.
He estimated the national income by first estimating
the value of agricultural production and then adding a
certain percentage as non-agricultural production.
However, such method can only been called as a non-
scientific method.
23. The first person to adopt a scientific procedure in estimating the
national income was Dr. VKRV Rao in 1931.
He divided the Indian Economy into two parts:
- Agricultural Sector which included agriculture, forests, fishing and
hunting.
- Corporate Sector which included industries, construction,
business, transport and public services.
Two different methods were used for estimating the income in the
two sectors.
- Product method was used for estimating income in agricultural
sector.
- Income method was used for estimating income in the
corporate sector.
Finally, Net Factor Income earned from abroad was added to the
sum of the above two to obtain national income.
24. Difficulties and Limitations
No Government Agency: All estimates were
prepared at personal level.
Incomplete and unreliable data
Different methods: Choice of methods depended
upon the preference of the person concerned.
Different geographical areas: The income of the
country was estimated on the basis of data
collected from different geographical areas.
Based on the current prices
25. Estimates of National Income after Independence
The Government of India appointed National Income
Committee in 1949.
The committee was chaired by Prof. P.C. Mahalanobis.
Prof D.R. Gadgil and Dr. V.K.R.V. Rao were the
members .
The first report of the committee was presented in
1951.
According to the first report, the National Income of
India for 1948-49 was Rs. 8,710 crore.
The report discussed
Details of methods for the estimation of data on
National Income.
26. Central Statistical Organization
Prepares National Income estimates in India since 1955.
National Income may be calculated on current prices or at
constant prices.
Currently, the base year for measuring national income and
per capita income at constant prices is 2011-12, introduced in
Jan 2015.
It has divided economy into three basic sector for the purpose
of evaluation of various data. They are:
Primary sector comprising agriculture, forestry, fishing,
mining and quarrying.
Secondary sector comprising manufacturing, power
generation, gas and water supply
Tertiary sector comprising transport, communication and
trade, banking insurance, computer software, public
administration, defense and external trade.
27. Estimates of NI by CSO
1. Conventional Series:
Between 1952-1967, some methods of national income
estimates were adopted as recommended by National
Income Committee.
1948-49 was taken as base year
After 1966, CSO discontinued the publication of
conventional series
2. First Revised Series
In 1967, certain major changes introduced by CSO.
1960-61 was taken as base year instead of 1948-49
Economic activities were classified into three different
sectors, viz., Primary, Secondary and Tertiary Sector
28. 3. Second Revised Series
CSO introduced this series in 1978
1970-71 taken as base year instead of 1960-61
4. Third Revised Series
CSO introduced this series in 1988
1980-81 taken as base year instead of 1970-71
5. Fourth Revised Series
Introduced in 1999
1993-94 taken as base year
Important methodological changes were introduced
29. 6. Fifth Revised Series
• Adopted in 2004-05
• Base year was 1999-2000
7. Sixth Revised Series
• Adopted in 2009-10
• Base year was 2004-05
8. New Series
• To present a more realistic picture of the economy, the
government has released a new series of national accounts
with 2011-12 as base year.
30. Difficulties in Measuring National
Income in India
Prevalence of Non-monetized Sector
Due to illiteracy most of the producers do not
maintain any account of their income and
expenditure.
Production , both agricultural and industrial, is
unorganized and scattered
Lack of Statistical Data