New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    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

    Solution

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

    Practice Next