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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)]

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