Question

National income is a composite measure of ___​

Answer 1

Answer:

income

Explanation:

National income is a composite measure of

Answer 2

National income is a composite measure of aggregate output.

1. By composite measure of aggregate output we mean it includes value of output from different sectors like primary,secondary and tertiary.
2. The output included is for a given period of time (one year) and given geographical region or domestic territory.
3. The output is valued in monetary terms because there is no other common measure of value.