Define national income, Managerial Economics

National Income

National Income is a measure of the money value of goods and services becoming available to a nation from economic activities. It can also be defined as the total money value of all final  goods and services produced by the nationals of a country during some specific period of time - usually a year - and to the total of all incomes earned over the same period of time by the nationals.

Posted Date: 11/28/2012 5:48:00 AM | Location : United States

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