Answer to Question #68729 in Accounting for Zachary Osterland

Question #68729
My textbook says that 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)?
1
Expert's answer
2017-06-09T10:48:11-0400
Net income received from the rest of the world is subtracted from GNP, because it is the income received by national producers that work in other countries.

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