Calculate the factor income from Abroad from the following :
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₹70 Crore ₹90 Crore ₹30 Crore ₹50 Crore |
₹30 Crore |
The correct answer is option (3) : ₹30 Crore Net value added at factor cost is the sum total of all the factor payments. It is the result of factors of production that residents get in the form of wages, salaries, dividends, etc. Thus, NNP at FC= NVA at FC + NFIA NNP at MP- Net Indirect Taxes= NVA at FC + Factor income from Abroad - Factor income to Abroad Factor income from Abroad= NNP at MP- Net Indirect Taxes -NVA at FC + Factor income to Abroad = 550 - 30 - 540 + 50 = 30 Crores
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