Question

From the following information compute GNPmp.

Given GDPfc=3000, Net Factor to abroad=200, Indirect Taxes=420, Subsidies =240​

Answer 1

Answer:

GNPmp =GDPfc - Net factor income to abroad + Net Indirect tax

=3000 - 200 + ( Indirect tax - subsidies)

= 3000 -200 +(420-240)

= 2980 ans.

Explanation:

an Net factor income to abroad is given so for using inplace of Net factor income from abroad we have to change the sing.