Existence of both Private and public Sectors
The term “mixed economy” denotes existence of both Private and public Sectors.
In India, agriculture income is calculated by Output method.
NNP plus depreciation allowances
Total population of the country
Per Capita income is obtained by dividing National Income by Total population of the country.
Final goods and services produced in an economy in a year
Gross Domestic Product (GDP) is defined as the value of all Final goods and services produced in an economy in a year.
Gross National Product-Net National Product
GNP minus depreciation allowances
Net National Product (NNP) of a country is GNP minus depreciation allowances.
Production of goods and services
Rate of GDP growth
National Income and National Income both
Sum total of factor income
Gross National Product at market price minus depreciations and indirect taxes plus subsidies
The term “National Income” Represents Gross National Product at market price minus depreciations and indirect taxes plus subsidies.
Third Five Year Plan
A Non-Statutory body
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