Paper I · 6 Indian Economy & Planning · 6.1.2 National income

6.1.2.1 National income aggregates: GDP, GNP, NNP and personal disposable income

The main national income aggregates are linked by simple steps: add net factor income from abroad to move from domestic to national, subtract depreciation to move from gross to net, and use factor cost versus market prices to account for taxes and subsidies.

  • APPSC Paper I · Paper I
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • GDP
  • GNP
  • NDP
  • NNP
  • national income
  • net factor income from abroad
  • personal income
  • disposable income
  • private income

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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