If net indirect taxes are subtracted fro

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

If net indirect taxes are subtracted from NDP_MP, then what do we get?

Options:

NDP_FC

NNP_FC

GDP_MP

GNP_FC

Correct Answer:

NDP_FC

Explanation:

The correct answer is option 1: NDP_FC

NDP_FC = NDP_MP - ( indirect taxes - subsidies)