Measurement of National Income #3 | Macro Economics | 12th CBSE | CA Mohit Taparia |
Channel: SHAPERS EDUCATION
Date: 23/06/2021

Hello students, 

As we all know that national income is most important chapter for 12th cbse board exams. So we have started this series with this important unit of national income. 

We have divided the whole unit in four parts 
1. Circular flow of income 
2. Basic concepts of macro economics 
3. National income and related aggregate 
3. Measurement of national income 

In the very first chapter we have discussed about circular flow of income. 

We have discussed three phases of income 
1. Generation phase
2. Distribution phase
3. Disposition phase

Also we have discussed about the concept of flow and stock Along with it. 

And finally in this chapter we have discussed about circular flow of income in two sector income. We have also discussed about real flow and money flow in this video itself. 


Than in second chapter of basic concepts of macro economics we have discussed many definitions as basic of concepts of macro economics 
1. Domestic territory 
2. Normal resident 
3. Citizenship and residentship
4. Final goods and intermediate goods 
5. Capital goods and consumption goods 
6. Factor income and transfer income 
7. Production boundary 

And many other concepts are discussed in detail in this video


Than third topic of national income aggregate we have discussed  in detail various other concepts like 
1. NFIA (net factor income from abroad )
2. NIT ( net indirect tax ) 
3. Gross domestic product at market price 
4. Gross domestic product at factor cost 
4. Net national product at factor cost 
5. Net national product at market price 
6. Domestic income 
7. National income 
All these concepts are discussed in detail in this video and also are explained with the help of example and suitable sums. 

In last unit of national income and it’s measurement we have discussed all the three methods of national income 
1. Value added method 
2. Income method 
3. Expenditure method 

All the three methods are discussed in detail in this video. 

Also all sums are also solved in this example

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