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The term National Income represents
Gross National Product at market prices minus depreciation
Gross National Product at market prices minus depreciation net factor income from abroad
Gross National Product at market prices minus depreciation and indirect taxes subsidies
Gross National Product at market prices minus net factor income from abroad
NI=Gross National Product at market prices minus depreciation and indirect taxes subsidies
National income means the value of goods and services produced by a country during a financial year. Thus, it is the net result of all economic activities of any country during a period of one year and is valued in terms of money.
By: Kamal Kashyap ProfileResourcesReport error
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