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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