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Question

The national income of a country for a given period is equal to the

(a) total value of goods and services produced by the nationals
(b) sum of total consumption and investement expenditure
(c) sum of personal income of all individuals
(d) money value of final goods and services produced

Answer:

D

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Explanation:

The national income of a country for a given period is calculated by measuring the total value of final goods and services produced within the country's borders during that period. This is known as the Gross Domestic Product (GDP) of the country.

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