If India's net domestic product (NDP) exceeds its gross national product (GNP), which of the following must be true?
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JNU SIS 2019 Question 35: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on GDP, GNP, NDP and national income, part of National income accounting in Macroeconomics.
Converting between GDP, GNP, net product and national income, and between market prices and factor cost.
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