Which of the following is true for Net National Income?

Q. Which of the following is true for Net National Income?

1. The Net National Income is the total of Gross National Product and Depreciation
2. The Net National Income is the difference between Gross National Product and Depreciation
3. The Net National Income is the difference between Gross Domestic Product and Depreciation
4. The Net National Income is the difference between Net Domestic Product and Depreciation

Answer: The Net National Income is the difference between Gross National Product and Depreciation