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Examveda

The total value of the products and services marketed by a nation is called.

A. Gross Domestic Product

B. Gross National Product

C. National Income

D. Per capita income

Answer: Option D

Solution(By Examveda Team)

The total value of the products and services marketed by a nation is called Per capita income. Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population.

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