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

Economic Affairs Growth and Indicators

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

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UPSC CSP Previous Year Paper (2013)

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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 service produced

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Explanation:

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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