Question

High national income is a characteristic of ___________.

• A. Underdeveloped economy
• B. Developed economy
• C. Mixed economy
• D. Socialistic economy

Answer 1

The correct option is B Developed economy

High national Income is a main feature of Developed economy. National product or national income in developed economies is very high. It leads to the prosperity of the people. It has a high level of economic growth and security. High national income implies a greater flow of goods and services in the economy.