Multiple choice

What is the basis of determining the National Income?

  1. Total revenue of the state

  2. Production of goods & services

  3. Expenditure incurred by the state

  4. Agriculture development
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

National Income is determined by the total production of goods and services in an economy over a specific period. This measures the actual economic output and value created, rather than revenue collection or expenditure.

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