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Which of the following is the correct definition of the term National Income?
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- National Income Means the total amount of money Government earns only through direct tax collections every year
- It is the total value of all sorts of stocks held by a country at a particular point of time
- This is the measure of the volume of commodities and services turned out during a given period counted without duplication.
- All 'a', 'b' and 'c'
- None of the above
Correct Option: C
N/A
