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Why are graphs useful?
Graphs are useful in various ways. They are commonly used in statistics to represent data which can be easily interpreted by other users.
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What is meant by national income in monetary term?
National income in monetary terms refers to the total value of all goods and services produced within a country's borders over a specific period, typically measured annually. It includes various components such as wages, profits, rents, and taxes minus subsidies. This metric serves as an indicator of a nation's economic performance and overall economic health, reflecting the income earned by residents and businesses. National income can be expressed in several ways, including Gross Domestic Product (GDP), Gross National Product (GNP), and Net National Income (NNI).
What are the factors that determine country's national income?
A country's national income is simply: Amount of economic activity happening - production of real goods & wages. There are several ways to measure this (Net output method, Net Product method, Value Addition etc.) Factors affecting the national income are Labor, Capital, Land and Entrepreneurship. In essence, this means NI = Wages + Interest + Rent + Profit Note that NI is basically the GDP of the country subtracted the amount of capital consumed in producing that GDP, added/subtracted by foreign income flow and govt. subsidies.
The government creates income from what?
One of the ways through which the government gets income is taxation. The government also gets income from corporations or businesses that it has a stake in.
Why are graphs useful?
Graphs are useful in various ways. They are commonly used in statistics to represent data which can be easily interpreted by other users.
3 ways of presenting data in statistics?
ways of presenting data in statistics
In what ways are entrepreneur are useful?
In what ways are enterpreneurs useful to suppliers
Why increase in national income affect increase in standard of living?
An increase in national income affects the increase in the standard of living because an increase in income increases the standard of living. When the national income is low, people are poorer.
What ways are entrepreneurs useful to supplier?
In what ways are enterpreneurs useful to suppliers
In what ways are fossils useful to geologists?
In what ways are fossils useful to geologist?
What are five ways that plant are useful?
five ways how plants are useful to us
What is meant by national income in monetary term?
National income in monetary terms refers to the total value of all goods and services produced within a country's borders over a specific period, typically measured annually. It includes various components such as wages, profits, rents, and taxes minus subsidies. This metric serves as an indicator of a nation's economic performance and overall economic health, reflecting the income earned by residents and businesses. National income can be expressed in several ways, including Gross Domestic Product (GDP), Gross National Product (GNP), and Net National Income (NNI).
What are ways statistics is used?
Finance. Surveying.
How many ways arrange the word statistics?
The letters of the word statistics can be permuted in 10!/(3!*3!*2!) = 3,628,800/72 = 50,400 ways.
Numerical ways of expressing information are called?
Numerical ways of expressing information are called statistics.
In what ways are animal useful?
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