Question

National income differs from net national product at market price by the amount of ____________.

• A. current transfers from the rest of the world
• B. net indirect taxes
• C. national debt interest
• D. it does not differ

Answer 1

Answer: (B)

net indirect taxes

National income $\left(NN{P}_{FC}\right)$ differs from $NN{P}_{mp}$ by the amount of net indirect taxes (NIT).