What is national income
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- 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.
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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.
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