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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