Question

Which of the following refers to the the total income or the total monetary value of all goods and services produced in the country?

• A. National product
• B. Domestic product
• C. National income
• D. Per capita income

Answer 1

The correct option is C National income

National income refers to the total income of a country or the total monetary value of all goods and services produced in the country. An increase in the national income is a sign of development which indicates the tendency to spend more money on infrastructure like schools, hospitals, and construction of roads.