When personal direct taxes are subtracted from personal income the obtained value is called:
A. Gross Domestic Product (GDP)
B. National Income
C. Gross National Product (GNP)
D. Personal Income
Answer: Option C
Solution (By Examveda Team)
When personal direct taxes are subtracted from personal income the obtained value is called Gross National Product (GNP)This Question Belongs to General Knowledge >> Indian Economy
NNPfc+ interest on national debt+ current transfer from govt.+- net transfer from aboard= pvt income - corp taxes - undisturbed profits = personal income- income tax - fines = personal disposable income
All options are wrong . As the answer must be personal disposable income
It's personal disposable income can some one explain how gnp is correct?
Disposable income
It should be disposable income.