Question

Define national income?​

Answer 1

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product, gross national product, net national income, and adjusted national income also called as NNI at factor cost.

Answer 2

Answer:

The total amount of money earned within a country are called national income. National income means the values of goods and services produced by a country during a financial year.

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