Question

Income of a country means ___________.

• A. cash receipts from exports
• B. income earned by residents of a country, from outside the domestic territory
• C. income of non residents of that country
• D. total value of goods and services produced

Answer 1

The correct option is D total value of goods and services produced

• Income of a country means the total value of goods and services produced in year by the residents of a country under consideration.
• National income is measured by NNP at factor cost.