Economy, asked by hamnah33, 11 months ago

Write the meaning of full employment level of income .

Answers

Answered by AniketVerma1

Answer:

National Income (Y) can be calculated by measuring the total level of output of the economy (GDP etc). Generally speaking, the more the economy produces, the more people (Labour) will be needed to produce extra goods and services.

Explanation:

hamnah33: Is it okay for 1marks

hamnah33: Mark*

AniketVerma1: Yups

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