What does national income means
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National Income is total amount of goods and services produced within the nation during the given period say, 1 year. It is the total of factor income i.e. wages, interest, rent, profit, received by factors of production i.e. labour, capital, land and entrepreneurship of a nation.....
What Is National Income Accounting? National income accounting is a bookkeeping system that a government uses to measure the level of the country's economic activity in a given time period......
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Explanation:
the total amount of money earned within a country
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