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+1 vote
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in Economics by (138k points)

The term National Income represents: 

(a) gross national product at market prices minus depreciation 

(b) gross national product at market prices minus depreciation plus net factor income from abroad 

(c) gross national product at market prices minus depreciation and indirect taxes plus subsidies 

(d) gross national product at market prices minus net factor income from abroad

1 Answer

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Best answer

(c) The option (c) gross national product at market price minus depreciation minus indirect tax plus subsidies.

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