JAMB - Economics (1979 - No. 24)
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
Explicació
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)
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)