Economics · National Income
Which of the following formulas correctly represents Net National Product (NNP) at Factor Cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1GDP at Factor Cost - Subsidies
- 2GNP at Market Price - Depreciation - Subsidies
- 3NNP at Market Price - Indirect Taxes + Subsidies✓
- 4NNP at Market Price + Indirect Taxes - Subsidies
Correct answer
NNP at Market Price - Indirect Taxes + Subsidies
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