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What is added to \(NDP_{FC}\) to obtain National Income \((NNP_{FC})\)?

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Question

What is added to \(NDP_{FC}\) to obtain National Income \((NNP_{FC})\)?

Options

  • Imports

  • Depreciation

  • Net Indirect Taxes

  • NFIA

MCQ
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Solution

NFIA is added to \(NDP_{FC}\) to obtain National Income, expressed as \(NNP_{FC}\). It adjusts domestic factor income for net factor income from abroad.

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