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
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