HSC Science (Electronics) 12th Board ExamMaharashtra State Board
Account
It's free!

User


Login
Create free account


      Forgot password?
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty

Solution - National Income - HSC Science (Electronics) 12th Board Exam - Economics

Question

National income

Solution

In common, national income means the total value of goods and services produced annually in a country. In other words, the total amount of income accruing to a country from economic activities, in a year's time is known as national income. It includes payments made to all resources in the form of rent, wages, interest and profits.

Thus, national income is the aggregate monetary -value of all final goods and services produced-in the, economy in a year.

Is there an error in this question or solution?

APPEARS IN

 2015-2016 (March) (with solutions)
Question 2.1.4 | 2 marks

Video TutorialsVIEW ALL [1]

Solution for question: National Income concept: null - Concept of National Income. For the courses HSC Science (Electronics), HSC Arts, HSC Commerce (Marketing and Salesmanship), HSC Commerce, HSC Science (General) , HSC Science (Computer Science)
S