Class 12 | National Income | Part 4 | Chapter 2 | FMI

you find National Income confusing, this video will make it simple and easy to understand. Made for Class 12 Macroeconomics students (Session 2026–27), this lesson covers Chapter 2 in a clear and exam-focused way. In this video, you will learn the meaning and importance of national income along with key concepts like GDP, GNP, NDP, and NNP. It also explains the difference between factor cost and market price in a simple manner. The three methods of measuring national income—production, income, and expenditure—are discussed with easy examples to help you apply them in exams. Important adjustments such as depreciation, net factor income from abroad, indirect taxes, and subsidies are also covered to avoid common mistakes. This video is perfect for concept clarity, revision, and scoring better in your board exams.