Multiple choice

Which of the following statements is/are incongruous with national income? (a) It measures net value of goods and services produced in a country during a year. (b) It includes net earned foreign income. (c) It measures the stock of commodities held by the nationals at a point of time.

  1. Only (a)

  2. Only (b)

  3. Only (c)

  4. Both (b) and (c)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A measure of stock of commodities held by the nationals at a point of time is national wealth and not national income.

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