The national income of a country for a given period is equal to the
Options
(a)total value of goods and services produced by the nationals
(b)sum of total consumption and investment expenditure
(c)sum of personal income of all individuals
(d)money value of final goods and services produced
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Class 12National Income Accounting— NCERT Economics, Chapter 2. National income accounting measures an economy's yearly flow of production. Only final goods are counted — consumption goods and capital goods — because intermediate…
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