Economics · Business Economics
Choose the correct mathematical relation for National Income (at factor cost).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1National Income = Net National Product at Market Prices - Indirect Taxes + Subsidies✓
- 2National Income = Net National Product at Market Prices - Indirect Taxes - Subsidies
- 3National Income = Net National Product at Market Prices + Indirect Taxes + Subsidies
- 4National Income = Net National Product at Market Prices + Indirect Taxes - Subsidies
Correct answer
National Income = Net National Product at Market Prices - Indirect Taxes + Subsidies
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