Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

State Whether the Following Statements Are True Or False with Reason: Ten Years Period is Considered for Measuring National Income. - Economics

State whether the following statements are True or False with reason: 

Ten years period is considered for measuring National Income.

Advertisement Remove all ads


False, one year period is considered for measuring national income.
National income is the total market value (in monetary terms) of all final goods and services produced by the firms during an accounting year. Thus, only one year period is considered while measuring national income.

Concept: Concept of National Income
  Is there an error in this question or solution?
Advertisement Remove all ads


Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads

View all notifications

      Forgot password?
View in app×