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What is national income?
What is national income?
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Solution
National income measures
the monetary value of the flow of output of goods and services produced in an
economy over a period of time.
The types of national income include gross domestic
product, gross national product, net national income, and adjusted national
income also called as NNI at factor cost.
National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time.
The types of national income include gross domestic product, gross national product, net national income, and adjusted national income also called as NNI at factor cost.
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