ECN 002 Online Discussion and Quiz-7-12-2022 (Circular Flow and National Income)
- The circular flow means the unending flow of production of goods and services, income, and expenditure in an economy. In view of this, Clearly discuss the Concept of the Circular Flow of Income and Product and Explain it for 2-sector, 3-Sector and 4-Sector, with or without the aid of diagram.
- What do you understanding by National Income and National Income Accounting?
- Discuss the 3 different methods of computing National Income
- What are the Challenge of Computing the National Income.