NNP at market prices - (Indirect taxes -

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Home Questions RSNK236Q24

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

NNP at market prices - (Indirect taxes - Subsidies) = _______

Options:

Personal Income

Gross National Income

Gross Domestic Product

National Income

Correct Answer:

National Income

Explanation:

The correct answer is Option (4) → National Income

NNP at factor cost = National Income (NI )

= NNP at market prices (Indirect taxes – Subsidies)

=NNP at market prices – Net indirect taxes (Net indirect taxes = Indirect taxes – Subsidies)