One major importance of national income is:
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Correct Answer: Option A
Explanation:
National income helps economists and governments measure the overall performance of an economy. When national income rises, it usually means production and economic activities are increasing. When it falls, the economy may be experiencing recession or decline.
National income helps economists and governments measure the overall performance of an economy. When national income rises, it usually means production and economic activities are increasing. When it falls, the economy may be experiencing recession or decline.