The total value of all goods and services produced in one year in a country is called ________.

national income

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

per capita income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

net income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

personal income

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A national income

National income of a country is the total value of final output of all new goods and services produced in one year.

Suggest Corrections

Similar questions

GDP is the total money value of all final goods and services produced in a country in a year.

Join BYJU'S Learning Program