Business Environment

1:

Every sector of the economy employs natural, human and material resources and contributes to the aggregate flow of goods and services during a time period. This aggregate flow of goods and services represents  the total income earned by factors of production employed during the year and is popularly called -

A.

per capita income

B.

national income

C.

per head income

D.

none of these

 

Answer : B

Explanation :

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Option: A

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