Economics · National Income
Which of the following formula is correct to calculate National Income at Factor Cost (NNPFC) from Net Domestic Product at Market Price (NDPMP)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1GDPFC - Depreciation
- 2NDPMP - Net Factor Income from Abroad (NFIA) + Net Indirect Taxes (NIT)
- 3GDPMP - Depreciation
- 4NDPMP + Net Factor Income from Abroad (NFIA) - Net Indirect Taxes (NIT)✓
Correct answer
NDPMP + Net Factor Income from Abroad (NFIA) - Net Indirect Taxes (NIT)
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