Which of the following is wrong?
1.AE = C + I + G + X - M.
2.Net factor income to abroad = Factor income to abroad - Factor income from abroad.
3.GNP = NNP + depreciation
4.Net export = M - X
Net export=M-X is wrong. Net export is the difference between the countryโs value of imports and its value of exports and can be written as follows:
here, X is exports, M is imports.
Therefore, the answer is 4. Net export = M - X.
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