Question

12. What do you mean by the income of a country?​

Answer 1

$:\implies$Income of a country means the total value of goods and services produced in year by the residents of a country under consideration. National income is measured by NNP at factor cost.

Answer 2

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Income of a country means the total value of goods and services produced in year by the residents of a country under consideration. National income is measured by NNP at factor cost.