National income is a _________.

stock variable

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flow variable

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asset variable

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none of the above

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Solution

The correct option is B flow variable
National income is the value of goods and services produced in an economy over a given year. The national income is thus, estimated 'over a period of time' and not 'at a point in time' which makes it a flow concept.

Suggest Corrections

Similar questions

Consider the following statements: -

1. National disposable income includes Net National Product at Market prices only.

2. GDP is a measure of National Income/ National output and National expenditure produced in a particular country.

3. GNP includes the value of all goods and services produced by nationals whether in the country a abroad.

4. GNP does not include dividends and interest from abroad in Income.

Which of the above statements is are correct?

As a result of double counting, national income is:

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