Which of the following is the correct definition of the term National Income?

Question

TuteeHUB · Accepted Answer

All 'a', 'b' and 'c'

TuteeHUB · Answer

National Income Means the total amount of money Government earns only through direct tax collections every year

TuteeHUB · Answer

It is the total value of all sorts of stocks held by a country at a particular point of time

TuteeHUB · Answer

This is the measure of the volume of commodities and services turned out during a given period counted without duplication.

TuteeHUB · Answer

None of the above

1.	Which of the following is the correct definition of the term National Income?
A.	National Income Means the total amount of money Government earns only through direct tax collections every year
B.	It is the total value of all sorts of stocks held by a country at a particular point of time
C.	This is the measure of the volume of commodities and services turned out during a given period counted without duplication.
D.	All 'a', 'b' and 'c'
E.	None of the above
Answer» D. All 'a', 'b' and 'c'

Discussion