National income includes?
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ɴᴀᴛɪᴏɴᴀʟ ɪɴᴄᴏᴍᴇ ɪɴᴄʟᴜᴅᴇs ᴘᴀʏᴍᴇɴᴛs ᴛᴏ ɪɴᴅɪᴠɪᴅᴜᴀʟs (ɪɴᴄᴏᴍᴇ ғʀᴏᴍ ᴡᴀɢᴇs ᴀɴᴅ sᴀʟᴀʀɪᴇs, ᴀɴᴅ ᴏᴛʜᴇʀ ɪɴᴄᴏᴍᴇ), ᴘʟᴜs ᴘᴀʏᴍᴇɴᴛs ᴛᴏ ɢᴏᴠᴇʀɴᴍᴇɴᴛ (ᴛᴀxᴇs), ᴘʟᴜs ʀᴇᴛᴀɪɴᴇᴅ ɪɴᴄᴏᴍᴇ ғʀᴏᴍ ᴛʜᴇ ᴄᴏʀᴘᴏʀᴀᴛᴇ sᴇᴄᴛᴏʀ (ᴅᴇᴘʀᴇᴄɪᴀᴛɪᴏɴ, ᴜɴᴅɪsᴛʀɪʙᴜᴛᴇᴅ ᴘʀᴏғɪᴛs), ʟᴇss ᴀᴅᴊᴜsᴛᴍᴇɴᴛs (sᴜʙsɪᴅɪᴇs, ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴀɴᴅ ᴄᴏɴsᴜᴍᴇʀ ɪɴᴛᴇʀᴇsᴛ, ᴀɴᴅ sᴛᴀᴛɪsᴛɪᴄᴀʟ ᴅɪsᴄʀᴇᴘᴀɴᴄʏ).❤
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Answer:
National income includes payments to individuals (income from wages and salaries, and other income), plus payments to government (taxes), plus retained income from the corporate sector (depreciation, undistributed profits), less adjustments (subsidies, government and consumer interest, and statistical discrepancy).
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