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NNPFC =
GNPFC – Depreciation
NNPMP + Economic subsidy – Indirect taxes
NDPMP + Net factor income from abroad
All of these
- Option 1: NNPFC = GNPFC – Depreciation
- This suggests that Net National Product at Factor Cost (NNPFC) is derived by subtracting depreciation from Gross National Product at Factor Cost (GNPFC).
- Option 2: NNPFC = NNPMP + Economic subsidy – Indirect taxes
- Net National Product at Factor Cost can also be obtained by taking Net National Product at Market Price (NNPMP) and adjusting for economic subsidies and indirect taxes.
- Option 3: NNPFC = NDPMP + Net factor income from abroad
- Here, NNPFC is calculated by adding net factor income from abroad to Net Domestic Product at Market Price (NDPMP).
- Option 4: All of these
- All three methods provide valid ways to calculate NNPFC because they account for income adjustments, depreciation, and net foreign income.
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By: santosh ProfileResourcesReport error
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