What does the term 'national income' signify?

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The monetary worth of all goods and services generated within a country over one year.The financial value of a nation's stocks and shares within a year.The monetary value of capital assets produced by a country during a year.None of the above.

Explanation

National income is defined as the total money value of all goods and services produced by a country within a one-year period. It does not include the value of stocks, shares, or solely capital goods.