what is national income? Explain. at least 30 word's
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National Income. National income is the total income earned in a nation. ... Gross national product (GNP), the other common measure, counts all income accruing to factors of production owned by a nation's citizens. The value of all final output equals the sum of all factor payments.
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National Income defines the money value of all goods and services produced in a country during a financial year.
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