CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is referred to as the sum total of income of all the residents of the country?

A
Per capita income
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Sum income
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
National income
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Gross domestic product
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C National income
National income is the total income of all the residents of the country. Thus, national income is the total income of the country. National income is considered to be one of the most important attributes for comparing the development of countries.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
How Many Zeros? Part 2
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon