Economics · Indian Economy
While calculating National Income via the product or expenditure method, which of the following is deducted from Gross National Product (GNP) to derive Net National Product (NNP)?
- 1Depreciation (Consumption of Fixed Capital)✓
- 2Net Factor Income from Abroad
- 3Indirect Taxes
- 4Subsidies
Correct answer
Depreciation (Consumption of Fixed Capital)
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