Multiple Choice Questions on Gross National Income is always more than Net National Income because it includes ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

Gross National Income is always more than Net National Income because it includes ........

Indian Economy (Easy) Growth and development
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    Gross National Income  is always more than Net National Income because it includes

    Foreign income

    Incorrect Answer

    Capital consumption allowance

    Correct Answer

    Indirect taxes

    Incorrect Answer

    Direct taxes

    Incorrect Answer
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    Explanation:
    • GNI calculates the total income earned by a nation's people and businesses, including investment income, regardless of where it was earned.
    • It also covers money received from abroad such as foreign investment and economic development aid.In national income accounting,
    • Net national income (NNI) is net national product (NNP) minus indirect taxes.
    • Net national income encompasses the income of households, businesses, and the government. ...

    By: santosh
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    Let's Discuss

    Vinayak Singh

    answer should be A

    0 0 reply

    Parveen Bansal

    the answer is correct, pl recheck .. the difference is depreciation or capital consumption

     0 0 reply
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