Growth and development

Indian Economic System(CSC) Combined State Civil Services

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The national income of a country for a given period is equal to the

Total value of goods and services produced by the nationals

Sum of total consumption and investment expenditure

Sum of personal income of all individuals

Money value of final goods and services produced

Total value of goods and services produced by the nationals.

National Income is the total monetary value of goods and services produced within the territory of the country in a given period of time.