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Priyanka Tomar • 35.28K Points
Coach Economic

  • (A) Profits
  • (B) Wages and Salaries
  • (C) Rent
  • (D) Interest on national debt
  • Correct Answer - Option(D)
  • Views: 470
  • Filed under category Economic

Explanation by: Priyanka Tomar
National Income is the money value of all goods and services produced in a country during a year. The income method of the calculation of National Income adds up all incomes received by the factors of production generated in the economy during a year.

This includes wages from employment and self-employment, profits to firms, interest to lenders of capital and rents to owners of the land.

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