Economics · Economy
Which of the following equations representing national income accounting aggregates is/are correct? 1. NNP = GNP - Depreciation 2. NNP = GDP + Net Income from Abroad - Depreciation
- 1Only (2)
- 2Both (1) and (2)✓
- 3None of these
- 4Only (1)
Correct answer
Both (1) and (2)
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