Question

In the absence of which items does GDP equal National Income?

विकल्प

• Government Expenditure and Taxes

• Planned and Unplanned Inventory Investment

• Indirect taxes and subsidies

• Autonomous Consumption and Autonomous Investment

Answer 1

In the absence of indirect taxes and subsidies, GDP equals National Income. Therefore, \[Y\] may be used interchangeably for GDP and National Income.