Q. 14.8( 5 Votes )

Which among the f A. To study the economic problems

B. To help in formulating government plans

C. To calculate the population of a country

D. To analyse the contribution of different sectors

Answer :

National income refers to the amount of total income acquired by the country in one year. This amount is acquired through the production of goods and services mainly from the three sectors - Agriculture sector, Industrial sector and Service sector. To get the national income of the country of a particular year, we have to calculate the monetary value of goods and services produced in that year.


National income helps to determine the economic growth of the country and comparison with different countries. There are various objectives that are used in estimating National Income which is - To study the economic problem, to help in formulating government plans and to analyse the contribution of different sectors. It also helps in finding out the advantages and drawbacks of economic activities such as production, consumption, and distribution. It doesn’t help us in determining the population of a country.

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