The term National Income represents
- (a)Gross National Product at market prices minus depreciation
- (b)Gross National Product at market prices minus depreciation net factor income from abroad
- (c)Gross National Product at market prices minus depreciation and indirect taxes subsidies
- (d)Gross National Product at market prices minus net factor income from abroad
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Official answer(c) Gross National Product at market prices minus depreciation and indirect taxes subsidies