Question

What is national income and give example

Answer 1

Answer:

National Income refers to the money value of all the goods and services produced in a country during a financial year. In other words, the final outcome of all the economic activities of the nation during a period of one year, valued in terms of money is called as a National income.

For example, national income accounting measures the revenues earned in the nation's companies, wages paid, or tax revenues. GDP is its ultimate and most widely used result

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Answer 2

Explanation:

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