If Net National Product at Market Prices is given to us, we _________ indirect taxes and _____ subsidies to arrive at net national product at factor prices, Which of the following options suits best in the above blank?

Add, add Subtract, add Add, subtract Subtract, subtract

Subtract, add

The correct answer is Option 2: Subtract, add National income is Net National Product at Factor Cost. NNPFC= NNPMP – Indirect taxes + Subsidies