National Income is defined as the total monetary value of all goods and services produced within a country during a given period of time. It is an important indicator of the economic activities that are taking place within a nation. It is measured using different methods and governments use this figure to make important financial policy decisions.Below is a list of multiple-choice questions and answers on National Income to help students get a grasp of the main concepts related to this topic.
Which of the following is a method to measure the National Income?