Question

Which of the following is not a characteristic of National Income?
(a) National income is related to one year
(b) National income is a flow concept
(c) It is calculated as production of final goods and services
(d) Unproductive activities are included in it

Answer 1

Answer:

option d is not a characteristic of national income

Answer 2

The inclusion of unproductive activities is not a characteristic of National Income. (Option d).

• National income is the value of services and goods that a country produces or the outcome during a financial year.
• Unproductive activities are not included in national income.
• It is valued in terms of money. National Income is the net result that the economic activities of a country produce during a period of one year.
• It helps to determine the progress and development of a country.