You are here
By national income, we mean the money value of –
(a) all goods produced during a year.
(b) all final goods produced during a year.
(c) all services produced during a year.
(d) all final goods and services produced during a year.
Answer:
So, the correct answer is (d)-all final goods and services produced in a year.
Explanation
National Income refers to the sum of all final goods and services produced during a year .
