National Income at market price (NYMP)

This is the value of nation product in terms of money actually spent on the goods and services. It represents the final value of goods and services produced in a country at a current price. National income at market price is usually obtained through the expenditure method-of measuring National Income.

However, this valuation misleads because the prices of many articles usually include indirect taxes on expenditure and subsidies. The taxes do not create incomes to the producers since they are paid to the government and therefore cannot be used to purchase factors of production.