1) Imagine you're explaining the concept of national income to a friend who is not familiar with economics. How would you describe it, and why is it important for understanding a country's economy? 2) Can you explain the difference between GDP and GNP using a real-life example or analogy? 3) Why is government expenditure considered an important component of national income? 4) What is the role of agriculture, industry, and services in the formation of a country's national income? 5) What challenges might developing countries face in achieving sustainable national income growth? 6) How do economic and social factors affect a country's national income?

National Income

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