Question

numericals of national income​

Answer 1

Answer:

National Income It is defined as the sum total of factor incomes accruing to normal residents of a country with a given period of time, generally a financial year

2. Normal Residents of a Country These are the residents of a country or are those ‘individuals’ or ‘institutions’ who normally reside in a country and their economic interest lies in that country. For becoming a normal resident, an individual or an institution has to reside/operate for more than one year in that country.

Answer 2

National Income:-It is defined as the sum total of factor incomes accruing to normal residents of a country with a given period of time, generally a financial year

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