RRaahUPSC
2013 · EconomyPrevious Year Question
Q49.
The national income of a country for a given period is equal to the
A. total value of goods and services produced by the nationals
B. sum of total consumption and investment expenditure
C. sum of personal income of all individuals
D. money value of final goods and service produced
Answer

A

Explanation

NNP at factor cost = National Income (NI). So A is the best option. No other option mentions Nationals (domestic + abroad), which is the key distinction between National Income and GDP.
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