National Income is the same as____ • Net National Product (NNP) or NI
Right Answer is: D
• Net National Product (NNP) or NI (market price) = GNP-depreciation.
• NNP is also called National Income at Market Price.
• National Income is the same as National Income at factor Cost.
• NNP (Factor Cost) =NNP (market price) + subsidies –taxes
• National Income (Factor Cost) = national Income (market price) + subsidies -taxes