Define national income.
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Heya...
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National income is the sum total of factor income earned by normal residents of a country within an accounting year ..
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See here for your answer...
============
National income is the sum total of factor income earned by normal residents of a country within an accounting year ..
Thank you
Answered by
0
Answer:
National Income refers to the monetary value of all goods and services produced during the financial year in a country. It is, therefore, the final outcome of all the nation's economic practices over a span of one year, calculated in terms of money as a national income.
- Gross national income includes all income earned by residents and businesses in a country, including any income earned outside the country. Income is characterized as all wages for workers plus income from investments. It also includes any uncounted product tax, minus the subsidies
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