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Question

The national income is equal to ___________.

A
GNP - Subsides -Taxes
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B
NNP - Indirect Taxes + Subsidies
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C
NNP - irect Taxes + Subsides
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D
GNP - Subsidies + Taxes
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Solution

The correct option is A NNP - Indirect Taxes + Subsidies
National income is an uncertain term which is used interchangeably with national dividend, national output and national expenditure. On this basis, national income has been defined in a number of ways. In common parlance, national income means the total value of goods and services produced annually in a country.

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