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Q.

The term “National Income” Represents

  • AGross National Product at market price minus depreciation
  • BGross National Product at market price minus depreciation plus net factor income from abroad
  • CGross National Product at market price minus depreciations and indirect taxes plus subsidies
  • DGross National Product at market price minus net factor income from abroad
Correct Answer : (C)

Gross National Product at market price minus depreciations and indirect taxes plus subsidies
Hints :

The term “National Income” Represents Gross National Product at market price minus depreciations and indirect taxes plus subsidies.

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