National profit is equal to
Answers
National income is equal to GNP less the consumption of fixed capital (i.e., depreciation). Personal Income measures the amount of income available to individuals in terms of funds on hand.
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National profit is equal to...?
National profit is equal to...
— NNP
Explanation :
National income is equal to NNP. NMP refers to factor cost. Those factor costs of production such as rent of land, rent of land, interest on capital etc., payment of salaries of employees, and profits from business etc. come under NMP-FC. Factor cost equals NMP. Net National Product (NMP) and Gross National Product (GNP) are the depreciation of the total value of finished goods and services produced abroad and domestically by the citizens of a country.
National income refers to national dividend, national output and national expenditure. National income is the total value of goods and services produced in a country in a year.
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