National income is__________?

Use the following information given to answer this question

Total of all expenditure incurred during the year ₤ 80,000m
Indirect taxes on goods and services ₤ 8,000m
Capital consumption ₤ 6,000m

National income is__________

A. ₤ 74,000m
B. ₤ 66,000m
C. ₤ 60,000m
D. ₤ 14,000m

Correct Answer: Option B

B. ₤ 66,000m

Explanation

National Income = Expenditure – Indirect taxes – Capital consumption (Depreciation)
N.I = 80,000 – 8,000 – 6,000 = ₤ 66,000m