Macro

National Income

Medium

Which of the following is correct option to calculate National Income:

National Income = $NNP_{MP}$ - Net Product Taxes - Net Production Taxes

National Income = $NNP_{MP}$ - Net Product Taxes + Net Production Taxes

National Income = $NNP_{MP}$ + Net Product Taxes - Net Production Taxes

National Income = $NNP_{MP}$ + Net Product Taxes

✅ Correct Option: 1

National Income is $NNP_{FC}$ . Market price includes net indirect taxes, i.e. net product taxes and net production taxes, which must be deducted: National Income $= NNP_{MP} -$ Net Product Taxes $-$ Net Production Taxes.

2026: 11 May Shift 2

On the basis of uses the ___________________ nature makes the good final.

2025: 13 May Shift 1

To measure consumer price index (CPI) which of the following years are taken into consideration?

(A) Current Year.

(B) Preceeding Year.

(D) Succeeding Year.

Choose the correct answer from the options given below:

2023: 11 June Shift 3

Net Indirect tax refers to :

2023: 11 June Shift 3

__________ refer to the benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalised).

2026: 15 May Shift 1

When we deduct the value of Personal Tax Payments and Non-Tax Payments from the value of Personal Income then we obtain the value of ............... .

2026: 6 June Shift 1

Which of the following are the methods of calculating national income?

(A) Value added method

(B) Expenditure method

(D) Income method

Choose the correct answer from the options given below:

Which of the following is correct option to calculate National Income:

Solution

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