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The sum total of incomes received for the services of labour, land or capital in a country is called :
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- Gross domestic product
- National income
- Gross domestic income
- Gross national income
- Gross domestic product
Correct Option: C
The Gross Domestic Income (GDI) is the total income received by all sectors of an economy within a nation. It includes the sum of all wages, profits, and taxes, minus subsidies. Since all income is derived from production (including the production of services), the gross domestic income of a country should exactly equal its gross domestic product (GDP).
