National Income Explained | GDP, GNP, NDP, NNP | Economics | Devraj Verma

In this video, Devraj Verma explains the basics of national income and its various components, such as GDP, GNP, NDP and NNP. He also discusses the difference between market price and factor cost, nominal and real GDP, and the methods of measuring national income. He uses simple examples and diagrams to make the concepts clear and easy to understand. This video is useful for anyone who wants to learn about the fundamentals of economics and how to measure the size and performance of an economy.

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