Question

what does a higher national income implies ​

Answer 1

Answer:

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Explanation:

National income means the value of goods and services produced by a country during a financial year. Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of money. ... Inclusion of value of intermediate goods leads to double counting.

Answer 2

National income means the value of goods and services produced by a country during a financial year. Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of money. ... Inclusion of value of intermediate goods leads to double counting.