Which of the following is NOT a feature of National Income?
- A.It is a macroeconomic concept.
- B.It is a flow concept.
- C.It is always expressed with reference to the financial year.
- D.It is included only in intermediate goods.
Show answer
National income counts only final goods and services; intermediate goods are deliberately left out, because counting the flour as well as the bread would mean counting the same value twice.
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