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Q: Net National Product at market prices – (Indirect taxes – Subsidies) =
  • A. Gross National Product
  • B. Personal Income
  • C. National Income
  • D. Personal Disposable Income
Correct Answer: Option C - If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices, then it will be equal to national income (NNP at factor cost).
C. If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices, then it will be equal to national income (NNP at factor cost).

Explanations:

If economic subsidies are added to and indirect taxes are subtracted from the national income at market prices, then it will be equal to national income (NNP at factor cost).