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    Question

    The term National Income

    represents: 
    A gross national product at market prices minus depreciation Correct Answer Incorrect Answer
    B gross national product at market prices minus depreciation plus net factor income from abroad Correct Answer Incorrect Answer
    C gross national product at market prices minus depreciation and indirect taxes plus subsidies Correct Answer Incorrect Answer
    D gross national product at market prices minus net factor income from abroad Correct Answer Incorrect Answer
    E none of the above Correct Answer Incorrect Answer

    Solution

    The gross national product at market price minus depreciation minus indirect tax plus subsidies.

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