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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