true measure of national output is also known as
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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.
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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.
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