A) Gross National Product at market price\[-\] depreciation
B) Gross National Product at market price\[-\] depreciation + net factor income from abroad
C) Gross National Product at market price\[-\] depreciation and indirect taxes + subsidies
D) Gross National Product at market prices\[-\]net factor income from abroad
Correct Answer: C
Solution :
In common parlance, National Income means the total value of goods and services produced annually in a country.
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