The national income of a country for a given period is equal to the
This questions was previously asked in
UPSC CSP Previous Year Paper (2013)
total value of goods and services produced by the nationals
Correct Answer sum of total consumption and investment expenditure
Incorrect Answer sum of personal income of all individuals
Incorrect Answer money value of final goods and service produced
Incorrect AnswerExplanation:
National Income refers to the money value of all the goods and services produced in a country during a financial year. In other words, the final outcome of all the economic activities of the nation during a period of one year, valued in terms of money is called as a National income.
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By: Abhipedia