Question
National income is based on the
Answer: Option A
Answer: (a)
National Income is based on the production of goods and services.
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including
gross domestic product (GDP),
gross national product (GNP),
net national income (NNI), and
adjusted national income (NNI* adjusted for natural resource depletion).
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Answer: (a)
National Income is based on the production of goods and services.
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including
gross domestic product (GDP),
gross national product (GNP),
net national income (NNI), and
adjusted national income (NNI* adjusted for natural resource depletion).
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