what is national income
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Hii,
Explanation:
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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Answer:
National income is the total value a country's final output of all new goods and services produced in one year. In other words, it is the sum total of the value of all the goods and services produced by the residents of the country, in a year.
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