Social Sciences, asked by blite, 9 months ago

true measure of national output is also known as​

Answers

Answered by Anonymous
2

The Net National Product (NNP) is considered as a true measure of national output. Reason (R): It is also known as national income. ... Net National income or NNI is economic term for national income accounting of any country.

Answered by varshini2567
1

Explanation:

Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country",[1] whether consumed or used for further production.[2] The concept of national output is essential in the field of macroeconomics. It is national output that makes a country rich, not large amounts of money.

Similar questions