Question

c) Nominal GDP
25. In a year, if national product at factor cost is Rs. 400 crores, indirect taxes is Rs. 125 crores and subsidies is Rs. 25
crores, national product at market price is
a) Rs. 450 crores b) Rs. 500 crores c) Rs. 650 crores
d)Rs. 700 crores
Home Work​

Answer 1

Answer:

$nnp \: at \: mp \: = nnp \: at \: fc \: + (it - subsidies) \\ nnp \: at \: mp = 400 + (125 - 25) \\ nnp \: at \: mp \: = 500 \\ \\ \\( b)is \: correct \: option$