Which of the following economic calculations represents the term National Income?

Options :
  1. Gross National Product at market prices minus depreciation
  2. Gross National Product at market prices minus depreciation plus net factor income from abroad
  3. Gross National Product at market prices minus depreciation and indirect taxes plus subsidies
  4. Gross National Product at market prices minus net factor income from abroad
Answer and Explanation :-

Answer: Option 3

Explanation:

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