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    5. If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we

    Question

    If indirect taxes are subtracted and subsidies are

    added to Net Domestic Product at market price we get
    A NDP at factor cost Correct Answer Incorrect Answer
    B NNP at factor cost Correct Answer Incorrect Answer
    C GDP at market price Correct Answer Incorrect Answer
    D GNP at market price Correct Answer Incorrect Answer
    E GNP at factor cost Correct Answer Incorrect Answer

    Solution

    NDP at factor cost = NDP at market price – Indirect Taxes + Subsidies

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