Question

Which of the following statements is correct about the calculation of national income?

Q: Answer-Which of the following statements is correct about the calculation of national income?

Correct economic terms are GDP NFIA Net Factor Income from Abroad GNP, and GNP - Depreciation NNP. NNP is also referred to as National Income or Net National Income.

A Gross Domestic Product (GDP) - NFIA = Gross National Product (GNP)

B Gross National Product (GNP) + Depreciation = Net National Product (NNP)

C Gross National Product (NNP) is also called National Income

D All are incorrect

Practice Next

More Economics Questions

Consider the following statements about government securities and derivatives: (I) Government Securities are risk-free gilt-edged instruments. (II) Deriv...
What does 'VAT' stand for in the context of taxation?
Which of the following initiatives is associated with the Ministry of Cooperation?
Which of the following committees examined and suggested the financial sector reforms?
Who heads the National Development Council (NDC)? 
Which of the following commission is related with the Rajiv Gandhi Killing?
In which market structure does a firm have the autonomy to set prices?
Which of the following are the specialized wings under the NITI Aayog: i. Research Wing ii. Development Wing iii. Team India Wing iv. Digital Wing v...
The monetary policy is India is formulated by which of the following authority?
What does 'GVA' stand for in economic contexts?

Relevant for Exams:

Hey! Ask a query

Which of the following statements is correct about the calculation of national income?

Detailed Solution

More Economics Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login