Uses of National Income: 1. Economic Planning and policy making:

Here are some additional uses of national income:

1. Economic Planning and policy making:
2. Measuring Economic Growth: National income figures help assess the rate of economic growth or decline over time.
3. Comparing Living Standards: It allows for comparison of the economic well-being and living standards among different countries or regions.
4. Understanding Income Distribution: It provides insights into how income is distributed among various sectors of the economy and different groups of people.
5. Forecasting Economic Trends: Economists use national income data to predict future economic conditions and make informed decisions.