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Discussion :: Indian Economy

  1. When personal direct taxes are subtracted from personal income the obtained value is called:

    2. A.

     Gross Domestic Product (GDP)
    B.

     National Income
    C.

     Gross National Product (GNP)
    D.

     Personal Income

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    Answer : Option C

    Explanation :

    When personal direct taxes are subtracted from personal income the obtained value is called Gross National Product (GNP)

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