Assertion (A) : Y = C + IReason (R) : C and I are important determinants of national income.

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National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.


Assertion (A) : Y = C + I<br>Reason (R) : C and I are important determinants of national income.