A necessary level of consumption produces differences in income and saving. This implies that the poor household have lower saving rates because they cannot “afford to save” after buying the necessities.

NNPMP = GNPMP – depreciation

When new house is given on rent the factor income will increase. Hence, it will be part of National Income. Rests are part of Transfer Payment.

The CSO provides data under a new revised series in which the base year is taken as 2011–12.

Under the consideration of India economy, census of agriculture, is done by production method.

Expl:- In budget 2014-15 the percent of G.D.P was 4.1 of fiscal deficit. But in 2015-16 its percent becomes 3.9% of fiscal deficit.

Expl:- When increase in income the increase in ratio between income & expenditure changes Ratio less than 1

Expl:- NDPmp + NFIA = NNPmp

GDPmp + NFIA + GNPmp