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National Income Quiz

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What is national income?

The total amount of money in circulation within a country

The total value of all goods and services produced in a country within a specific time period (correct)

The total value of goods produced for export in a country

The total income earned by the government through taxes

Which of the following is included in the calculation of national income?

Income from wages and salaries (correct)

Government spending on national defense

Value of stocks and bonds traded in the stock market

Value of imports and exports

What does national income serve as a measure of?

Government debt and liabilities

Economic performance of a country (correct)

Inflation rate

Population growth rate

National Income Quiz

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Questions and Answers

What is national income?

Which of the following is included in the calculation of national income?

What does national income serve as a measure of?

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National Income Quiz

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