Which of the following is the correct definition of the term National Income ?

Options

A. National Income means the total amount of money Governmentearns only through direct tax collections every year
B. It is the total value of all sorts of stocks held by a country at a particular point of time
C. This is the measure of the volume of commodities and services turned out during a given period counted without duplication.
D. All'a', 'b' and 'c

Answer

C