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Q. |
The total value of goods and services produced in a country during a given period is - |
A. | Disposable income |
B. | National income |
C. | Per capita income |
D. | Net national income |
Answer» B. National income | |
Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Understanding how national income is created is the starting point for macroeconomics. |
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