Question

National income is a . . . . . . . concept.

a) Flow

b) Stock

c) Inventory

d) Price​

Answer 1

Answer:

The correct answer is Flow

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Answer 2

Answer:

National income is a flow concept. This is because it refers to the flow of final goods and services in an economy.

Explanation:

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. There are various concepts of National Income, such as GDP, GNP, NNP, NI, PI, DI, and PCI which explain the facts of economic activities.

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