Question

________ is considered a true measure of national income.
a. GNP
b. GDP
c. NNP
d. NDP

Answer 1

National income is the total value of all the goods and services produced by any country as well as the income that comes from foreign during a span of one year or so.

A wide variety of economic terms have been in used for years to understand the national income and output of a country.

In the question given, the answer among the given option is (b) GDP is considered a true measure of national income.

Answer 2

GDP is the answer...