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Q. |
Which statement is true? |
A. | National Income = National expenditure - indirect taxes |
B. | NI = GNP - NNP |
C. | NI = NNP - indirect taxes (because, from NNP if we minus the indirect taxes it will give us NNP@FC which is equal to NI) |
D. | NI = PI |
Answer» C. NI = NNP - indirect taxes (because, from NNP if we minus the indirect taxes it will give us NNP@FC which is equal to NI) |
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