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Which gives us the total income of the country |
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Answer» The total income is the income of all the residents of a country. This total income is called the gross national product (GNP). This implies the money value of all the final goods and services produced by normal residents of a country during a period of a year. Here the term national signifies that production of normal residents of the country is to be included even if they are outside the domestic territory of country. Per Capita income |
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