faizan khan
New member
1. According to Ackley's definition individul income depends upon five factors.
2. a labourer gets his income in the form of wages.
3. Entrepreneur gets his income in the form of profit.
4. The reward given for use of land is interest.
5. According to Ackley's definition individual income depends upon two factors.
6. there is a difference between national income and expenditure.
7. there is no difference between national income and national expenditure.
8. there are seven different concepts of national income.
9. gross national product is the total money value of all intermediate goods.
10. GNP is abbreviation of Gross National Product.
thank you all in advance.
2. a labourer gets his income in the form of wages.
3. Entrepreneur gets his income in the form of profit.
4. The reward given for use of land is interest.
5. According to Ackley's definition individual income depends upon two factors.
6. there is a difference between national income and expenditure.
7. there is no difference between national income and national expenditure.
8. there are seven different concepts of national income.
9. gross national product is the total money value of all intermediate goods.
10. GNP is abbreviation of Gross National Product.
thank you all in advance.