Economics · National Income Accounting

At market prices, which of the following accounting identities accurately expresses Net National Product (NNP at Market Price)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1National Income minus depreciation equals Gross National Product
2National Income plus indirect business taxes equals Gross National Product
3National Income minus indirect business taxes equals NNP
4National Income (NNP at Factor Cost) plus Indirect Taxes minus Subsidies equals NNP at Market Price✓

Correct answer

National Income (NNP at Factor Cost) plus Indirect Taxes minus Subsidies equals NNP at Market Price

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