Economics · National Income Accounting
Which of the following equations regarding national income accounting identities is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NNP at market price = GNP at market price - Depreciation
- 2NDP at factor cost = NNP at factor cost + Net factor income from abroad✓
- 3National Income = NNP at market price - Indirect taxes + Subsidies
- 4Disposable Income = Personal Income - Personal Taxes
Correct answer
NDP at factor cost = NNP at factor cost + Net factor income from abroad
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