| 1. It is the total amount of money government earns through direct tax collection. |
| 2. It measures the flow of goods and services in an economy |
| 3. It is the total value of stocks held by a country at a particular point of time |
A) 1 only
B) 2 only
C) 1 and 2
D) 3 only
Correct Answer: B
Solution :
National income measures the net value of goods and services produced in a country during a year and it also includes net earned foreign income.
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