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      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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