Economics · National Income Accounting
National income (NNP at Factor Cost) can be expressed as _______.
- 1NNP at market prices – (Indirect taxes + Subsidies)
- 2NNP at market prices + (Indirect taxes – Subsidies)
- 3NNP at market prices – (Indirect taxes – Subsidies)✓
- 4NNP at market prices + Indirect taxes
Correct answer
NNP at market prices – (Indirect taxes – Subsidies)
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