What does NNY mean in Law & Legal?

This page is about the meanings of the acronym/abbreviation/shorthand NNY in the Governmental field in general and in the Law & Legal terminology in particular.

Net National Income

Governmental » Law & Legal

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Submitted by rinat on December 30, 2016

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Definition

What does NNY mean?

Net national income
In national income accounting, net national income (NNI) is net national product (NNP) minus indirect taxes. Net national income encompasses the income of households, businesses, and the government. Net national income is defined as gross domestic product plus net receipts of wages, salaries and property income from abroad, minus the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence.It can be expressed as NNI = C + I + G + (NX) + net foreign factor income – indirect taxes – manufactured capital depreciationwhere:

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"NNY." Abbreviations.com. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.abbreviations.com/term/1842128>.

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