Have you been considering GDP & GNP as the same all this while? This course on National Income Accounting will explain in detail the concepts that are crucial to understand the Income activity of the country as a whole. The course begins with an overview lesson which states the objective of the course, what it aims to provide, the target audience and the list of lessons & concepts that will be covered in the lessons that follow. The first lesson explains in grave detail the concept of Gross Domestic Product, commonly referred to as GDP. The definition is broken down into parts and efficiently explained. The second lesson continues with the explanation of important terms such as economic territory, the difference between a citizen and a resident etc. The next lesson highlights the key features of the concept of Gross National Product. He also explains the two categories of National Incomes Aggregates. The lesson ends by providing the explanation of computing of National Product. In the next lesson the presenter highlights the concepts of 'Net' & 'Gross' and how they differ from each other. The presenter begins the lesson by providing the definition of 'net' and related concepts such as depreciation. Tags: National Income Accounting India, National Income India, Gross National Product, Gross National Product in India, UPSC Lecture, UPSC Free Lessons, UPSC Free Online Videos, UPSC Economy, Economy for UPSC CSE, UPSC Online, UPSC Exam, UPSC Examination, UPSC IAS Exam, IAS Questions, Indian Administrative Service, IAS Preparation, IAS Exam Syllabus CSE Exam, CSE Syllabus, Economy UPSC Important Topics, Indian Economy, National Income Accounting Methods.
reviewed on Dec 16, 2016
Thanks a lot Sir for bringing a clarity regarding all the topics of National Accounting. Thanks once again.
reviewed on Jun 21, 2016
just a small query... as you said in GDP we include total value of primary sector (like potato) and total value of secondary sector (like potato chips).... my query is when we take potato as raw material of potato chips in secondary sector, then its value is included in total value of potato chips sold...so in a way we are double counting potato (initially in primary sector and then in secondary sector)... is it correct or should we consider only value added in secondary sector?
reviewed on Jun 25, 2016
it was good ,some little doubts though. like what type if income is that where there are no flow of goods and services?