Economics · National Income Accounting
Which one of the following relations regarding National Income aggregates is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Net Domestic Product (NDP) = NNP less Net Factor Income from Abroad
- 2Net National Product (NNP) = GNP less Depreciation
- 3Gross Domestic Product (GDP) = GNP less Net Factor Income from Abroad
- 4Gross National Product (GNP) > Gross National Income (GNI)✓
Correct answer
Gross National Product (GNP) > Gross National Income (GNI)
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