What is national income?
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Answer:
The total amount of money earned within a country is known as national income.
Explanation:
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1
Answer:
Explanation:
the aggregate of earnings from a nation's current production including compensation of employees, interest, rental income, and profits of business after taxes.
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.
National income is defined as the total value of all the goods and services produced within a country plus net income coming from abroad.
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