• Statement 1: National income refers to the total value of goods and services produced within a country's borders over a specific period of time.
• Statement 2: National income is the total value of goods and services produced within a country's borders over a specific period of time, including the income earned by foreigners working within the country.

In light of the above statements, choose the most appropriate answer from the options given below

A. Both Statement I and Statement II are true

B. Both Statement I and Statement II are false

C. Statement I is correct but Statement II is false

D. Statement I is incorrect but Statement II is true

Answer rating: 100% (QA)

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