Answer to Question #68729 in Accounting for Zachary Osterland
NI(National Income)= GNP-(Net income received from rest of the world)-(Depreciation)-
(Statistical Discrepancy)-(Indirect Business Taxes)-(Business Transfer Payments)
I do not understand why (Net income received from the rest of the world) is subtracted from GNP as the definition of GNP already subtracts this amount. Shouldn't NI=GNP-(Depreciation)-(Statistical Discrepancy)-(Other adjustments)?
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