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      Which is the correct definition of National Income?

1. National Income means the total amount of money Govt. earns through direct tax collection.

2. It is the total value of stocks held by a country at a particular point of time.

3. This is the measure of goods and services produced during an accounting year without double counting.

A) 1 only 

B)        2 only

C) 3 only              

D)        All 1, 2 and 3