Which of the following statements are correct about National Income aggregate ?

A. NNP - Depreciation = GNP

B. $NNP_{MP}$+Subsides = $NNP_{FC}$+Indirect Tax

C. GNP = GDP + Net factor income from abroad

D. $NNP_{FC}=NDP _{FC}$ + Net factor income from abroad

E. $GDP_{FC}=GDP_{MP}+NIT$

Choose the correct answer from the options given below:

B, C and D only

The correct answer is option (2) : B, C and D only

A. NNP - Depreciation = GNP : Incorrect. NNP = GNP - Depreciation

B. $NNP_{MP}$+Subsides = $NNP_{FC}$+Indirect Tax : Correct.

$NNP_{FC}$ = $NNP_{MP}$ - (Net Indirect taxes)

$NNP_{FC}$ = $NNP_{MP}$ - (Indirect taxes -Subsidies)

$NNP_{FC}$ = $NNP_{MP}$ - Indirect taxes + Subsidies

$NNP_{FC}$ + Indirect taxes = $NNP_{MP}$ + Subsidies

C. GNP- GDP + Net factor income from abroad:Correct.

D. $NNP_{FC}=NDP _{FC}$ + Net factor income from abroad : Correct

E. $GDP_{FC}=GDP_{MP} + NIT$ : This is incorrect.

    Correct equation is $GDP_{FC}=GDP_{MP} - NIT$