Question

explain clearly the meaning of national income of a country​

Answer 1

Explanation:

Meaning of National Income: The labour and capital of a country acting on its natural resources produce annually a certain amount of goods and services. ... National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year.

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Answer 2

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.

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