Table 4.30
-Refer to Table 4.30.Based on the table above, what is the net national income for this economy?

Question

Table 4.30 
-Refer to Table 4.30.Based on the table above, what is the net national income for this economy?

Quizplus · Accepted Answer

The net national income is calculated by subtracting indirect taxes, depreciation, and net foreign factor income from the gross national income. In this case, the gross national income is $5,000 billion and the total of indirect taxes, depreciation, and net foreign factor income is $1,000 billion ($1,500 billion - $500 billion - $500 billion). Therefore, the net national income is $4,000 billion.

Table 4.30 -Refer to Table 4.30.Based on the Table Above, What Is