78 452
Assignments Done
Successfully Done
In September 2019

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)?
Expert's answer
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.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions