Economics · National Income
What is meant by National Income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total value of primary sector production only
- 2The sum total of the net value of all final goods and services produced by an economy during a year✓
- 3Average income of all citizens in a year
- 4Gross Domestic Product at market prices
Correct answer
The sum total of the net value of all final goods and services produced by an economy during a year
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