Question

WHAT IS NATIONAL INCOME

Answer 1

Answer:

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product, gross national product, net national income, and adjusted national income.

Explanation:

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Answer 2

Answer:

Hey.... dude!!

DEFINITION

➡️ 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.

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