National Income Quiz

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The total value of all goods and services imported by a country in a year
The total value of all goods and services produced by a country in a year (correct)
The total value of all goods and services exported by a country in a year
The total value of all goods and services consumed by a country in a year

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Calculates the national income in India.

To maximize the overall well-being and prosperity of the nation's population.

The monetary value of all final goods and services produced within a country's borders during a specific period, typically one year.

Provides essential data for governments and economists to create effective economic strategies and plans.

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The Central Statistical Organisation (CSO) calculates the national income in India.

The purpose of national income is to measure the total value of goods and services produced within an economy during a specific period of time.

National income is defined as the total value of all final goods and services produced within an economy during a specific period of time, usually a year.

National income provides a basis for measuring the performance of an economy, calculating the gross domestic product (GDP), and determining the per capita income.