how-does-national-income-serve-as-an-alternative-measure-of-gdp

Question

How does National Income serve as an alternative measure of GDP?

Accepted Answer

National Income measures the total income earned by a nation's residents, which should equal total expenditures.

Answer

National Income is calculated by subtracting taxes from GDP.

Answer

National Income excludes investment spending, unlike GDP.

Answer

National Income only measures government spending, unlike GDP.