Every sector of the economy employs natural, human and material resources and contributes to the aggregate flow of goods and services during a time period. This aggregate flow of goods and services represents the total income earned by factors of production employed during the year and is popularly called

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Every sector of the economy employs natural, human and material resources and contributes to the aggregate flow of goods and services during a time period. This aggregate flow of goods and services represents the total income earned by factors of production employed during the year and is popularly called

a) per capita income

b) national income  (Ans)

c) per head income

d) none of these