5 Questions
Which of the following is a key characteristic of national income?
It is only expressed in terms of money
What is the national income of a country?
The total income of the people in the country
What does the National Income Committee (NIC) in India do?
It compiles and publishes data on national income and allied aggregates every year
What does national income measure in real terms?
The flow of goods and services produce
When did the establishment of the National Income Committee (NIC) in India begin?
1949
Test your knowledge on national income and macroeconomics with this quiz. Explore the concepts of production, distribution, exchange, and consumption that make up national income. Get ready to dive into the objective and subjective aspects of measuring economic activities.
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