Question

    The National Income of a country

    is:
    A the annual revenue of the government Correct Answer Incorrect Answer
    B sum total of factor incomes Correct Answer Incorrect Answer
    C surplus of PSU’S Correct Answer Incorrect Answer
    D export minus import Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    National income is the sum total of wages, rent, interest, and profit earned by the factors of production of a country in a year. Thus it is the aggregate values of goods and services rendered during a given period counted without duplication.

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