Question
Which of the following equation is/are INCORRECT?
- I. NI = NDP + Net Foreign Income
- II. GNP = GDP + Net Foreign Income
- III. NDP = GNP – Depreciation
codes
[A] Only (I) and (II)
[B] Only (III)
[C] Only (II) and (III)
[D] Only (II)
Answer & Explanation Answer: [Only (III)]