Economics · Economy
National Income is conceptually defined as the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total net profits generated by the public sector enterprises
- 2Total of all factor incomes earned by residents of a country✓
- 3Combined revenue of the Central and State Governments
- 4Total income earned by the Central Government
Correct answer
Total of all factor incomes earned by residents of a country
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