Question

The total income from the production of all and in the
country contributes to the national income​

Answer 1

Answer:

This is called national income of the country. National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. Two things must be noted in regard to this meaning of national income. First, it measures the market value of annual output.

Answer 2

Explanation:

Answer:

This is called national income of the country. National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. Two things must be noted in regard to this meaning of national income. First, it measures the market value of annual output.