Maharashtra State BoardHSC Arts 12th Board Exam
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State Whether the Following Statements Are True Or False with Reason. National Income is a Flow Concept. - Economics

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 State whether the following statements are TRUE or FALSE with reason. 

National income is a flow concept. 

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Solution

True, national income is a flow concept.
Explanation:
National income is a flow concept because it is measured over a period of time. For instance, income earned over the month of January.

Concept: Concept of National Income
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