What is the formula to calculate Net ind

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

	Items	In crores
1	Private final consumption expenditure	397
2	Exports	28
3	Govt. Final consumption expenditure	919
4	Gross fixed capital formation	764
5	Opening stock	30
6	Closing stock	35
7	Consumption of fixed capital	100
8	Imports	50
9	Net factor income from abroad	(-)200
10	Subsidies	40
11	Indirect taxes	45

What is the formula to calculate Net indirect taxes?

Options:

Gross indirect tax - Indirect tax

Indirect tax - Subsidies

Subsidies + Indirect taxes

Gross indirect taxes + Subsidies

Correct Answer:

Indirect tax - Subsidies

Explanation:

Net indirect taxes ≡ Indirect taxes – Subsidies