Write any three aims in calculating the national income
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Explanation:
Broadly, the objective of macroeconomic policies is to maximise the level of national income, providing economic growth to raise the utility and standard of living of participants in the economy. There are also a number of secondary objectives which are held to lead to the maximisation of income over the long run
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Explanation:
National income is attributed to the amount of income earned from the economic development taking place in the country. The aim of national income is to ensure constant growth and equitable distribution of resources. The quality of economic activities determines the growth of the country.
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