Question

define netional incame

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Answer 1

Answer:

Definition: National Income refers to the money value of all the goods and services produced in a country during a financial year. In other words, the final outcome of all the economic activities of the nation during a period of one year, valued in terms of money is called as a National income.

Answer 2

Answer:

National Income refers to the sum total of factor incomes earned by normal residents of a country during an accounting year