National income (NNP at Factor Cost) is equal to:
a)GNP at factor cost - depreciation
b)NNP at market price - net indirect taxes
c)both a and b
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Answer:
b is the correct Answer
Explanation:
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0
Answer:
Explanation:
National product at factor cost
GDPMP = C + I + G + X – M
The term factor cost refers to the prices of products as received by the producers. Thus, factor cost is equal to market prices, minus net indirect taxes. GDP at factor cost measures money value of output produced by the fir
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