Question

Which of the following statements is/are correct with regard to national income?

• A. It is considered an economic indicator.
• B. It indicates the total income of the country.
• C. The net national product of a country indicates the national income.
• D. National income is the absolute indicator of development.

Answer 1

Answer: (A), (B), (C)

The net national product of a country indicates the national income.

Net national product of a country, also known as national income, is an economic indicator. It indicates the total income of the country. NNP alone cannot reflect the development of a country as it does not reflect various other factors like per capita income.