JKSSB Mock Tests

The relationship between which of the following is correct?

A. NDP at market price = GDP at market price + depreciation
B. Domestic income = NDP at market price + net indirect taxes
C. GDP at market price = price + quantity of final goods and services
D. National income = NDP at factor cost + net factor income from abroad
Answer: Option D
Solution (By JKSSB Mock Tests Team)
National Income is defined as Net National Product (NNP) at factor cost, which is correctly calculated by adding Net Factor Income from Abroad (NFIA) to the Net Domestic Product (NDP) at factor cost.
This Question Belongs to: General knowledge mcqs Economics set 1

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