Question

The term National Income represents: 

A gross national product at market prices minus depreciation Correct Answer Incorrect Answer
B gross national product at market prices minus depreciation plus net factor income from abroad Correct Answer Incorrect Answer
C gross national product at market prices minus depreciation and indirect taxes plus subsidies Correct Answer Incorrect Answer
D gross national product at market prices minus net factor income from abroad Correct Answer Incorrect Answer
E none of the above Correct Answer Incorrect Answer

Solution

The gross national product at market price minus depreciation minus indirect tax plus subsidies.

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