6. How is GNP at market price estimated?
7. "National income is equal to GNPfc + Depreciation”. Is this true?
8. What is the difference between transfer income and factor income?
9. What is the impact of externality-positive or negative?
10. "Domestic product refers to value addition only by the resident producers”. True or fal
11. "National income is always greater than the domestic income". True or false.
12 Is it possible for NIT to be zero?
Define externalities.
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