Economics · National Income Accounting
Which of the following economic expressions is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NDP ≡ GDP + Depreciation
- 2Both (NNP ≡ GNP − Depreciation) and (NNP at factor cost ≡ National Income)✓
- 3NNP at factor cost ≡ National Income (NI)
- 4NNP ≡ GNP − Depreciation
Correct answer
Both (NNP ≡ GNP − Depreciation) and (NNP at factor cost ≡ National Income)
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