Q. Which statement is true? (Solved)
1. National Income = National expenditure - indirect taxes
2. NI = GNP - NNP
3. NI = NNP - indirect taxes (because, from NNP if we minus the indirect taxes it will give us NNP@FC which is equal to NI)
4. NI = PI
- c. NI = NNP - indirect taxes (because, from NNP if we minus the indirect taxes it will give us NNP@FC which is equal to NI)