Question

what is national income of the country?​

Answer 1

Answer:

heya..

National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. Two things must be noted in regard to this meaning of national income. First, it measures the market value of annual output. In other words, national income is a monetary measure.

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Answer 2

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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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