NNP at market prices - (Indirect taxes - Subsidies) = _______
Answer & explanation
Correct answer: option 4
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)