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Net national product at market prices - (direct taxes -subsidies) = ?
  • a)
    GNP
  • b)
    Personal Income
  • c)
    National income
  • d)
    Personal Disposable Income
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Net national product at market prices - (direct taxes -subsidies) = ?...
In national income accounting, net national income (NNI) is net national product (NNP) minus indirect taxes. Net national income encompasses the income of households, businesses, and the government.
G = Government spending. NX = net exports (exports minus imports) = (X – M)
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Net national product at market prices - (direct taxes -subsidies) = ?a)GNPb)Personal Incomec)National incomed)Personal Disposable IncomeCorrect answer is option 'C'. Can you explain this answer?
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