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National income is calculated for a particular period, normally a financial year in india, financial year means april 1 to march 31 of next year. Individuals, firms, markets and market failure part 2. Student user guide for econportal economics in modules, second edition. National income of a country means the sum total of incomes earned by the citizens of that country during a given period, say a year. Economics annotated exemplars level 2 as91227 nzqa.

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