Explain any four features of national income?
Monday, March 13, 2023
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Question: Explain any four features of national income?
National income is a measure of the economic activity of a country over a specific period of time. Four features of national income include: (1) it measures the total income generated by all economic activities within a country, (2) it includes both monetary and non-monetary transactions, such as the value of goods and services produced and the value of unpaid work, (3) it is a flow variable measured over a period of time, usually a year, and (4) it can be used to compare the economic performance of different countries or to track changes in the economy over time.
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