By national income, we mean the money value of –

 (a) all goods produced during a year.  

(b) all final goods produced during a year. 

(c) all services produced during a year. 

 (d) all final goods and services produced during a  year. 

 

Answer:

So, the correct answer is (d)-all final goods and services produced in a year.

Explanation 

National Income refers to the sum of all final goods and services produced during a year

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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.