Examlex
What does national income measure?
Depreciation
The process of allocating the cost of a tangible asset over its useful life.
Government Purchases
Expenditures by government entities on goods and services that are consumed in the provision of public services and for public investment.
Net Exports
The value of a country's total exports minus its total imports, reflecting the balance of trade.
Double Counting
An error in accounting or statistical analysis where the same item is counted more than once, leading to inaccuracies in financial or economic data.
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