WBCS.LIVE practice question

The NI of a country for a given period is equal to the—

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Total value of goods and services produced by the nationals
  2. Sum of total consumption and investment expenditure
  3. Sum of personal income of all individuals
  4. Money value of final goods and service produced

Correct answer and explanation

Correct answer: Money value of final goods and service produced