EASY
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If factor income received from abroad is equal to factor income paid abroad, then which of the following is not a valid statement?
(a)National Income = Domestic Income
(b)NDPfc+ depreciation= GNPfc
(c)NDPfc+ depreciation=GNPmp
(d)GDPfc-Net Indirect Taxes= NNPfc

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Important Questions on National Income Accounting
HARD

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GNPmp _____, NNPmp and NNPfc are four National concepts.

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GDPmp , GDPfc _____ and NDPfc are four Domestic concepts.

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