Question

Which of the following relationships holds between the value of all production in a country and the total income of the country?

Answer 1

They both are equal

Step-by-step explanation:

Total production of a country is known as a gross domestic product which is the market value of all the good produced in a country in a specific period of time. These goods and services help a country to generate income. If 100 is the total production of a country it means the total income of a country will be generated based on these 100 units.