National Income is a measure of
a) Total value of money b) Total value of food grains
c) Total value of Industrial products d) Total value of goods & services
TNSCERT Class 10 Economics Ch 1 National Income
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National Income is a measure of d) total value of goods and services.
It measures the monetary value of the flow of the output of the goods and services produced in an economy over a period of time.
In order to keep the track of the rate of the economic growth, it is important to measuring the level and rate of growth of national income.
GDP is the total value of output in an economy.
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Answer:
d) total value of goods and service
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