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Question
National Income is the
Options:
A .  NNP at factor cost
B .  Net Domestic product at market price
C .  NNP at market price
D .  Net domestic product at factor cost.
Answer: Option D
Answer: (d)
National Income is the Net National Product at the factor cost.
(NI = NNP at factor cost = NNP at market price – Indirect taxes + subsidies)

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