If Net National Product at Market Price (NNPMP ) is ₹ 2000 crore, Indirect Tax (IT) is ₹ 150 crore and Subsidy (S) is ₹ 50 crore, calculate Net National Product at Factor Cost (NNPFC).
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NNP at factor cost= NNP at market prices-income tax+ subsidies- profits from government owned firms
NNP at factor cost= 20000000000- 1500000000+500000000
= ₹1900 Crore
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