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The national income of a nation is the-
  • a)
    Government's annual revenue
  • b)
    Sum total of factor incomes
  • c)
    Surplus of public sector enterprises
  • d)
    Exports minus imports
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The national income of a nation is the-a)Government's annual revenueb...
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.
Hence, the correct option is (B)
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The national income of a nation is the-a)Government's annual revenueb)Sum total of factor incomesc)Surplus of public sector enterprisesd)Exports minus importsCorrect answer is option 'B'. Can you explain this answer?
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