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