Economics · National Income Accounting
Which of the following identities correctly represents the relationship among National Income aggregates?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Net Domestic Product at Market Price = Net Domestic Product at Factor Cost - Net Indirect Taxes
- 2Gross Domestic Product at Market Price = Gross National Product at Market Price - Net Indirect Taxes
- 3Gross Domestic Product at Market Price = Gross National Product at Market Price - Net Factor Income from Abroad✓
- 4Gross Domestic Product at Market Price = Gross National Product - Depreciation
Correct answer
Gross Domestic Product at Market Price = Gross National Product at Market Price - Net Factor Income from Abroad
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