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Introduction to National Income Accounting (for UPSC CSE)

Lesson 1 of 9 • 1769 upvotes • 10:01 mins

Ayussh Sanghi

This lesson provides the introduction of National Income Accounting. The presenter breaks the myths associated with the National Income Accounting. He begins by providing the definition of the concept and then states the uses of the same. He then explains the key measure of economic growth i.e GDP, the Gross Domestic Product which is the total market value of the company's goods & services. He furthers understanding by breaking down the definition into simpler terms & efficiently explains using day to day examples.