Which of following is not a part of national income?

Question

Quizplus · Accepted Answer

Depreciation is not a part of national income because it represents the wear and tear of assets over time and is considered a non-productive expense. National income typically includes the total value of all goods and services produced by a country (including net factor income from abroad), which is why operating surplus and mixed income are included, but depreciation is deducted to calculate net national income.

Which of Following Is Not a Part of National Income