Question

Discuss about variant of National Income

Answer 1

Answer:

National income Economics Discussion

In common parlance, national income means the total value of goods and services produced annually in a country. ADVERTISEMENTS: In other words, the total amount of income accruing to a country from economic activities in a year's time is known as national income.

Answer 2

Answer:

Here is your answer :

National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation.

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