In national income accounting, the term net is used to indicate that a value?

A. includes income of foreigners
B. includes income of citizens
C. includes depreciation
D. excludes depreciation

Correct Answer: Option B

B. includes income of citizens

Explanation

In national income accounting, net national income (NNI) is net national product (NNP) minus indirect taxes. Net national income encompasses the income of households, businesses, and the government.