Understanding National Income: The Heartbeat of Economics

Dive into the intricate world of National Income in our latest episode! We break down key concepts like GDP, GNI, and NNI, exploring how a nation's total economic output is measured. Discover the importance of avoiding double counting, the role of depreciation, and the impact of net property income from abroad. We'll guide you through the various approaches to measuring national income, highlighting the factors that influence economic growth, consumption, and investment. Join us for a fascinating discussion that demystifies the heartbeat of a country's economy!