Question

Q1. Define the term national
income?​

Answer 1

Answer:

income is the money we earn to run our livelihood

Answer 2

Answer:

Hey mate...

Here's your answer..

National Income refers to the money value of all the goods and services produced in a country during a financial year. In other words, the final outcome of all the economic activities of the nation during a period of one year, valued in terms of money is called as a National income.

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