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) Budgeting and Fiscal policy
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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:

    Net national income (NNI) is defined as gross national income minus the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence.

    By: Parvesh Mehta
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