Assertion (A): National Income is a national concept.
Assertion (A): National Income is a national concept.
Reason (R): National Income includes value of final goods and services produced in the entire world by all producers who are normal residents of the country.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A).
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True.
Anurag Pathak Changed status to publish December 7, 2023
Ans – (a)
Assertion (A) is true as National Income is a national concept
Reason (R) is also true as national income includes value of final goods and services produced in the entire world by all producers who are normal residents of the country.
Reason (R) is the correct explanation of Assertion (A) as National income includes income of the all normal residents producers of a country at national level
Anurag Pathak Changed status to publish December 7, 2023
