national income accounting, Study notes of Economics

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GDP > To knows the worth Of a country ond +o —___ understond hous +he resovoreces are being used » —— a conce pr of MPP is being USecl- te. Mrese Mpomes He “product i i eel | Woe eee es eee ee, GOP means +o0+a\ amoun+ or venue Sof pen |_ ond services produced within +he bhounda ry of a country. irrespective tohe produced it.) Thar means, —— GN? 25 1+ means +o+0l amount |value of goeds and Services produced by the natinna\s of the caunkry anu where in the uoricd. Thi i J More meus is on +he no Honals irrespective of place of Living - THE TTT |_ Real Gi nt 1 means corrent year quantiby mutti plied — uaithn bose ear prices. Real MDP ig calculatedin ocountry do nous ne real growth |actual grout in Ahe. economy — On +he other hand ERGY mn Means Current Year prices and corvens yok quankiby. | “This canceo} is used to knaiu the current —__ Loorshy of she Country and tor com parisan purpose alsa al -_The current -targek of out. of India off5 trition 4