What are the main types of income included in national income? Why doesnt national income equal GDP?

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What are the main types of income included in national income? Why doesn’t national income equal GDP?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 17, 2024 11:01 PM

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What are the main types of income included in national income? Why doesnt national income equal GDP?

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National income also known as national income and product accounts NIPA comprises several components that represent the total income earned by individuals and businesses within a countrys borders duri...View the full answer

Macroeconomics Policy And Practice

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