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Why should gross national income be equal to gross national product? - Economics

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Question

Why should gross national income be equal to gross national product?

Very Short Answer
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Solution

The entire value of finished products and services generated in the nation over a specific time period is referred to as the gross national product. Gross national income is the term used to describe the worth of the entire output, expressed in monetary terms.

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Chapter 32: Concepts of National Income - TEST QUESTIONS [Page 32.16]

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R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 32 Concepts of National Income
TEST QUESTIONS | Q A. 3. | Page 32.16
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