To derive net domestic income at market prices from GDP income approach),

Name: To derive net domestic income at market prices from GDP income approach),
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Net domestic income at market prices is derived by subtracting depreciation from GDP using the income approach. This is because depreciation represents the wear and tear on capital goods used in the production process, and is therefore a cost of doing business that must be deducted from total output to arrive at the net income earned.

To Derive Net Domestic Income at Market Prices from GDP