Introduction to Measurement of National Income Method

Mr. Yelahanka Lokesh

Abstract

In order to comprehend and assess a nation's economic performance, national income measurement is essential. It offers insightful data on the general level of economic activity, trends in economic development, income distribution, and the effects of policies and outside variables. This summary gives a general overview of how national income is measured, why it matters, and how it is calculated. A thorough framework for determining the size and health of an economy is provided by the assessment of national income. It makes it possible for decision-makers, economists, and analysts to assess economic growth, pinpoint problem areas, and create effective policies.