Answer-The National Income of a country is:

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.

Question

The National Income of a country

is:

A the annual revenue of the government

B sum total of factor incomes

C surplus of PSU’S

D export minus import

E None of the above

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NABARD GRADE A

The National Income of a country

Solution

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