National INCOME Flashcards
1
Q
Features Of national income
A
Financial year
Flow concept
Money value
Macro economics concept
Value of only final goods and services
Net aggregate value
Net income from abroad
2
Q
Intro to gnp
A
° Many countries of the world have achieved development at the cost of environmental degradation and depletion of natural assets
°thus it is necessary to switch from traditional gnp to green gnp
°will bring sustainability and welfare of species on the earth
