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National income (NI) is equal to net national product minus indirect business taxes:
NI = NNP - (ind business taxes)
National income is also equal to the sum of salaries, rent, interest, profit and proprietors' income.
| National income is the sum of all forms of gross income, similar to the gross salary appearing in a paycheck of an employee, that is before various taxes and other deductions are taken out. |
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