CBSE BOARD XII, asked by shivani86048, 1 month ago

Gross Domestic Product $3500
Net Factor Income from Abroad $700
Indirect Taxes $720
Subsidies $695
Consumption of fixed capital $100
calculate net national income

Answers

Answered by onikdhall64
0

Answer:

Net National Income (NNI) is defined as Gross Domestic Product (GDP) minus Depreciation (Consumption of Fixed Capital), minus Net Factor Income from Abroad, plus Subsidies minus Indirect Taxes.

Using the values given:

NNI = GDP - Depreciation - Net Factor Income from Abroad + Subsidies - Indirect Taxes

NNI = $3500 - $100 - $700 + $695 - $720

NNI = $2675

Therefore, the Net National Income is $2675.

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