National Income

The national income of a country for a given period is equal to the

  1. money value of final goods and services produced
  2. sum of total consumption and investment expenditure
  3. sum of personal income of all individuals
  4. total value of goods and services produced by the nationals

Answer

The Gross national income (GNI) is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents, minus income earned in the domestic economy by non-residents.

The correct option is A.