Net national income is
...Net national income is
Gross national income minus depreciation
Gross domestic product plus net income from abroad
Nominal national income divided by the price level
Gross national income divided by the total population
Gross national product plus subsidies minus indirect taxes
Correct answer is E
Net national income (NNI) is an economics term used in national income accounting. It can be defined as the net national product (NNP) minus indirect taxes. Net national income encompasses the income of households, businesses, and the government.
It can be expressed as:
NNI = C + I + G + (NX) + net foreign factor income - indirect taxes - manufactured capital depreciation
where:
C = Consumption
I = Investments
G = Government spending
NX = net exports (exports minus imports)
In national income accounts, an item counted as part of government spending is ...
Which of the following is a major determinant of price elasticity of demand? ...
One of the characteristics of an imperfect market is the ...
The central banks control credit in the economy through the use of ...
The major source of Nigeria's foreign exchange is the export of? ...