Explanation:

Only statements 2&3 are correct.

• NNP(at factor cost) + Depreciation - Net factor income from abroad + Net Indirect taxes = GDP(at market price)

Conversion

• NNP(at factor cost) + Depreciation = GNP(at factor cost)

• GNP(at factor cost) - Net factor income from abroad = GDP(at factor cost)

• GDP(at factor cost) + Net Indirect taxes = GDP(at market price)

Net National Product at Market Price (NNPMP): It refers to net market value of all the final goods and services produced by the normal residents. of a country during a period of one year. NNPMP = GNPMP – Depreciation.

• GDP(at MP): Gross Domestic Product at market price. It refers to the market value of final goods aand servicess produced within the domestic territory of a country during the period of an accounting year, inclusiive of depreciation.

• NDP(at FC): Net Domestic Product at factor cost. It refers to the sum total of factor incomes generated within the domestic territory of a country during the period of an accounting year.

• NNP(at MP): Net National Product at Market price. It is the sum total of market value of final goods aand servicess produced within the domestic territory of a country during the period of an accounting year, (exclusiive of depreciation )and net factor income from abroad.

Hence option 4th is correct.