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Which of the following correctly defines what National
Income means ?A) It is the total earning of the employees of
the Central Government, all the State governments, all MLAs,
MPs and Ministers, etc. put together.B) It is aggregate
factor income which arises from the current production of
goods and services by the economy of a country.C) It is the
total value of the goods produced in various production
centers run by the State and Union Governments.
(1) Only A
(2) Only B
(3) Only C
(4) Only B & C
(5) None of these
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