National income refers to Options: A . &nbspmoney value of stocks and shares of a country during a year. B . &nbspmoney value of goods and services produced in a country during a year. C . &nbspmoney value of capital goods produced by a country during a year. D . &nbspmoney value of consumer goods produced by a country during a year.

National income refers to

Question

National income refers to

Options:

A . money value of stocks and shares of a country during a year.

B . money value of goods and services produced in a country during a year.

C . money value of capital goods produced by a country during a year.

D . money value of consumer goods produced by a country during a year.

Answer: Option C
Answer: (c)
National Income is one of the basic concepts in macroeconomics. National Income means the total income of the nation. The aggregate economic performance of the whole economy is measured by the national income data.
National Income refers to the money value of all final goods and services produced by the normal residents of a country while working both within and outside the domestic territory of a country in an accounting year. National Income also includes net factor income from abroad.
Symbolically, Y = PG + PS,
where, Y = National Income;P = Price;G = Goods; andS = Service.

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