Economics · National Income
Which of the following macroeconomic identities represents a correct economic relationship?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NDP at marke t price = GDP at market price + depreciation
- 2National income = NDP at factor cost + net factor income from abroad✓
- 3Domestic income = NDP at market price + net indirect taxes
- 4GDP at market price = price + quantity of final goods and services
Correct answer
National income = NDP at factor cost + net factor income from abroad
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