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National Income — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsNational Income2 Marks
Question
Explain the features of National income.
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Answer

  • The following are the features uniqueness) of national income:
  • Measurement of income during the fixed period of one year.
  • The final value of goods or services produced is considered in National income.
  • National income is calculated after deduction of depreciation.
  • Goods and services should have been consumed.

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