National Income
National Income is the value of production activity of a country. Includes payments made to all factors of production land, labour, capital and enterprise.
Measures of National Income and Growth – Indian Economy, Previous Year Questions(UPSC CSE)(2011-24)
1. Economic growth is usually coupled with? (a) Deflation (b) Inflation (c) Stagflation (d) Hyperinflation 2. In the context of Indian economy, consider the following statements: The growth rate of GDP has steadily increased in the last five years. The growth rate in per capita income has steadily increased in the last five years. Which