Economy, asked by smriddhirawat6696, 1 year ago

Contribution of indirect tax to national income

Answers

Answered by Rajeshkumare
0
Indirect taxes are levied on commodities, such as excise duty on beer and cloth etc. ... Thus, from the money value of NNP at market price or NNI we deduct the amount of indirect taxesto arrive at the net national income at factor cost. NNP at MP – Indirect Taxes = Net National Income at Factor Cost.
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