Economics · National Income Accounting
Which of the following statements is correct regarding national income accounting identities?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Real GDP is the NDP at constant price + Depreciation
- 2According to the Income Method, GNP = Wages and salaries + Rent + Interest + Dividends + Undistributed corporate profits + Mixed incomes + Indirect taxes - Subsidies + Depreciation + Net factor income from abroad✓
- 3Disposable income = Personal income + Personal direct taxes
- 4GDP at factor cost = GDP at market price + income tax - Subsidies
Correct answer
According to the Income Method, GNP = Wages and salaries + Rent + Interest + Dividends + Undistributed corporate profits + Mixed incomes + Indirect taxes - Subsidies + Depreciation + Net factor income from abroad
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