Question

what is meant by national income
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Answer 1

Answer:

In common parlance, national income means the total value of goods and services produced annually in a country. ADVERTISEMENTS: In other words, the total amount of income accruing to a country from economic activities in a year's time is known as national income

Explanation:

Answer 2

Answer:

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