Question

Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value.

• A. I only
• B. ii only
• C. both
• D. none

Answer 1

Answer:

C. both

National Income is the monetary value of all final goods and services that are produced by the residents of the country.