Question+4+-+Isaac+Han

National income is defined as a. GDP losses from deprecation b. GDP minus personal income c. GDP minus taxes paid by US residents d. The total income earned by a nation's residents in the production of goods and services

a, b and c do not make sense. They don't have anything to do with the National Income. By definition National Income is d, the total income earned by a nation's residents in the production of goods and services. The term itself, "National Income" should give hint to this.