Question
Which of the following statements is correct about the
calculation of national income?Solution
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.
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Ratio of number of book to number of pen sold by a shopkeeper is 13:8, respectively while ratio of number of pen to number of pencil sold by the same sh...
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