Economy, asked by amritanshasthana00, 9 months ago

What do you mean by National income?

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Answered by meenalucky2644

Answer:

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Gross National Income (GNI) is defined as GDP (Gross Domestic Product; income generated by production activities on economic territory of that particular country) plus the net receipts from wages, salaries, property income taxes, and subsidies of the country's citizens abroad minus the income earned in the domestic .

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Answered by TheEternity

Answer:

Here is ur answer dude ;-

National income is the total value a country's final output of all new goods and services produced in one year. Understanding how national income is created is the starting point for macroeconomics.

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