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amit pathak

· started a discussion

· 1 Months ago

doubt (Question: 189457.0 )

it is value of all final goods and services not only "final goods"

Question:
National income refers to –
Options:
A) money value of goods and services produced in a country during a year
B) money value of stocks and shares of a country during a year
C) money value of capital goods produced by a country during a year
D) money value of consumer goods produced by a country during a year
Solution:
National Income means the total income of the nation. The aggregate economic performance of the whole economy is measured by the national income data. National Income refers to the money value of all final goods and services produced by the normal residents of a country while working both within and outside the domestic territory of a country in an accounting year.

Knowledge Expert

· commented

· 1 Months ago

National Income means the total income of the nation. The aggregate economic performance of the whole economy is measured by the national income data. National Income refers to the money value of all final goods and services produced by the normal residents of a country while working both within and outside the domestic territory of a country in an accounting year.
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