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Who argued that national income is simply equal to “net product of agriculture”?

Question:

Who argued that national income is simply equal to “net product of agriculture”?

A.

Mercantilists

B.

Physiocrats

C.

Classical Economists

D.

Neo Classical Economists

Answer» b. Physiocrats

Note: The above multiple-choice question is for all general and Competitive Exams in India