Which of the given statement is INCORRECT?

NNPFC = National Income GDPMP - NIT = GDPFC NNPMP = NNPFC All of the above

NNPMP = NNPFC

Market prices include the impact of indirect taxes and subsidies i.e. indirect taxes raise the price whereas, subsidies tend to lower it. Thus, NNPMP cannot be equal to NNPFC