National Income at factor cost is equal to–
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National Income at factor cost is equal to–

National Income at factor cost is equal to–
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National Income at factor cost is equal to–

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The National Income is calculated annually. According to National Income Committee (1949), a National Income estimate, measures the volume of commodities and services turned out during a given period counted without duplication.

In India, Net National Income at factor cost is called National Income. NNIFC = NNP- Indirect Taxes + Subsidies 

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