Income method ( Expalnation)

Date : 8.4.2020
Sub  : Economics
Class : 12
Day   : 5
Period : 5
Time    : 10:45am -11:25am

Learning Outcomes

• To understand how National Income is calculated through the Income method
• Meaning of the terms related to National Income
• Understanding the various components of the Domestic Income
• Significance of Income method in calculating National Income

A very good morning students 

After our Zoom class yesterday where we tried understanding the Income method but not able to understand much,we are going to learn and understand it differently.

Since i was not able to make a flow chart on the computer, i have prepared a written Flow chart and a written explanation of the Income method.

I would like you to go through the explanation and put forward your doubts to me.

Please go through the explanation after which in the next period we will try and solve a few questions.

Believe me boys its one of the easiest methods and you will beable to handle the numericals comfortably.

Please go through the explanation.

Let us now see how we can solve a sum on income method