Match List I with List II and select the correct answer using the codes given below the lists List I List II (a) Consumption of fixed 1. Gross output less inter capital industry purchases (b) Value added 2. National income in a closed economy (c) Net income from 3. Depreciation abroad (d) Domestic product 4. (X – M) Codes: (a) (b) (c) (d)

National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.