which items are included in calculation of net national product at market price
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AS the formula of NNP is
NNP = Market Value of Finished Goods + Market Value of Finished Services - Depreciation
so it is clear that it includes market value of finished goods, services and the depreciation that has acted upon these products and services
NNP = Market Value of Finished Goods + Market Value of Finished Services - Depreciation
so it is clear that it includes market value of finished goods, services and the depreciation that has acted upon these products and services
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Explanation:
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Answer: Budget Set: Budget set refers to the attainable combinations of a setof two goods, given prices of the goods and income of the consumer. ... Similarly, if income of the consumer remains unchanged, the budget linewill shift to the right when there is a proportionate fall in the prices of both goods X and Y.
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