Economics · National Income Accounting
In National Income accounting, to convert an aggregate from 'Market Price' to 'Factor Cost', we must:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1add indirect taxes and subtract subsidies.
- 2subtract indirect taxes and add subsidies.✓
- 3add depreciation.
- 4add indirect taxes.
Correct answer
subtract indirect taxes and add subsidies.
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