Economics · Indian Economy
Which of the following best defines National Income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total revenue earned by the government through direct and indirect taxes
- 2The total net value of all final goods and services produced by an economy during a financial year, including net factor income from abroad✓
- 3The total population divided by the total income of the country
- 4The total market value of all goods produced within a country
Correct answer
The total net value of all final goods and services produced by an economy during a financial year, including net factor income from abroad
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