It is important to measure the National Income of a country because?

Measuring the National Income of a country is important because it is a major determinant of the standard of living. The National Income reflects the total value of goods and services produced by a country in a given period, and it provides an indication of the economic performance of the country. By knowing the National Income, policymakers can determine the level of economic growth, the distribution of wealth, and the effectiveness of policies. This information helps in planning for economic development, assessing the impact of economic policies and programs, and measuring the progress of a country towards its economic goals.