Economics · National Income Accounting
Consider the following statements: I. Net National Disposable Income may exceed Net National Income even when net factor income from abroad is negative. II. Personal Disposable Income is obtained from Personal Income after deducting personal taxes and certain non-tax payments to the government. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Neither I nor II
- 2Both I and II✓
- 3II only
- 4I only
Correct answer
Both I and II
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