Question

Calculate national income (net national product at factor cost) by expenditure method:

Answer 1

when we evaluate the net national product at factor cost known as national income.

in terms of formula @. NNP at factor cost = NNP at market price - net indirect tax .

when we subtract depreciation from gross value then we can achieve net concept..
so we are talking about net national product at factor cost.
we find out nnp at factor cost of this way...
NNP at FC = GNP at fc - depreciation.
hope it helps!