Economics · National Income
What is 'National Income' defined as?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Gross Domestic Product (GDP)
- 2Net National Product (NNP) at factor cost (NNP - Indirect Taxes + Subsidies)✓
- 3Per Capita Income
- 4Gross National Product (GNP)
Correct answer
Net National Product (NNP) at factor cost (NNP - Indirect Taxes + Subsidies)
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