Assertion: National income refers to the sum of incomes earned by residents of a country.
Reason: It includes incomes earned both within and outside the country's geographical boundaries.
1
Both assertion and reason are true and the reason is the correct explanation of the assertion.
2
Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
3
Assertion is true, but the reason is false.
4
Assertion is false, but the reason is true.