Which of the following affects national income?

Goods and Services tax

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Corporation tax

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Subsidies

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None of the above

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Solution

The correct option is D None of the above
Factors affecting national income are as follows:
1) Natural and human resources
2) Technical knowledge
3) Political stability
4) Terms of trade
5) Foreign investment

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Similar questions

Increase in national income implies increase in the flow of goods and services in the economy.

Consider the following statements: -

1. National disposable income includes Net National Product at Market prices only.

2. GDP is a measure of National Income/ National output and National expenditure produced in a particular country.

3. GNP includes the value of all goods and services produced by nationals whether in the country a abroad.

4. GNP does not include dividends and interest from abroad in Income.

Which of the above statements is are correct?

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