National income differs from net national product in that it includes business subsidies and excludes

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National income includes business subsidies, which are subsidies paid by the government to businesses. It also excludes indirect business taxes, which are taxes that businesses pay on their production activities, such as sales taxes or excise taxes. Profits of corporations, retained earnings of corporations, and depreciation are all included in the calculation of net national product.

National Income Differs from Net National Product in That It