Which of the following is the basis for determining the national income?

A ) Total revenue of the state

B ) Net profit earned and expenditure incurred by the state

C ) Production of goods and services ✅

D ) All of these

Related Questions
  1. The sum total of income received for the services of labour,land or capital in a country is called:
  2. The rate of growth of per capita income is equal to:
  3. A tax which is paid by the person on whom the tax is incident is called a:
  4. If saving exceeds investment, the national income will:
  5. The standard of living in a country is represented by its:
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