Which of the following is not- by definition- equal to National Income-National ProductNational OutputNational WealthNational Expenditure

Question

Toppr Admin · Accepted Answer

National Wealth is not- by definition- equal to National Income- National wealth can be defined as the difference between national assets and liabilities- National wealth is also known as national net worth- Whereas- national income can be defined as the total amount earned by an economy-

Which of the following is not, by definition, equal to National Income?
National Product
National Output
National Wealth
National Expenditure

National Wealth is not, by definition, equal to National Income. National wealth can be defined as the difference between national assets and liabilities. National wealth is also known as national net worth. Whereas, national income can be defined as the total amount earned by an economy.

Which of the following is not, by definition, equal to National Income?National ProductNational OutputNational WealthNational Expenditure

National Wealth is not, by definition, equal to National Income. National wealth can be defined as the difference between national assets and liabilities. National wealth is also known as national net worth. Whereas, national income can be defined as the total amount earned by an economy.

Which of the following is not, by definition, equal to National Income?
National Product
National Output
National Wealth
National Expenditure