22_09_08

Income method

 Income Method 

Under this method, the sum of the net monetary income of the individuals and business undertakings working in different sectors is obtained for the calculation of national income.  

According to Bowle and Robertson, under the income calculation method, the income of all the persons paying income tax is added. 

☆Expenditure method ☆

 To do this, sometimes people of different income groups are selected in the country and on the basis of their income, the total income of the country is estimated.