Complete the following aggregates. (i) National Income = Domestic inc

1.	Complete the following aggregates. (i) National Income = Domestic income ................. (ii) Personal Income = Private income ..................(iii) Net value added at FC = Gross output ..............
Answer» (i) National income = Domestic income + Net factor income from Abroad. (ii) Personal income = Private income – Corporate tax – Undistributed profit. (iii) Net value added at FC = Gross output – Intermediate Consumption – depreciation – Net Indirect tax

Complete the following aggregates. (i) National Income = Domestic income ................. (ii) Personal Income = Private income ..................(iii) Net value added at FC = Gross output ..............

Answer»

(i) National income = Domestic income + Net factor income from Abroad.

(ii) Personal income = Private income – Corporate tax – Undistributed profit.

(iii) Net value added at FC = Gross output – Intermediate Consumption – depreciation – Net Indirect tax