In national income accounting the term net is u... - WAEC Economics 2015 Question
In national income accounting, the term net is used to indicate that a value
A
includes income of foreigners
B
includes income of citizens
C
includes depreciation
D
excludes depreciation
correct option: b
In national income accounting, net national income (NNI) is net nationalproduct (NNP) minus indirect taxes. Net national income encompasses theincome of households, businesses, and the government.
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