The term NNP at factor cost is ........

Economic Affairs Growth and Indicators

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The term NNP at factor cost is

gross national product at market prices minus depreciation

gross national product at market prices minus depreciation plus net factor income from abroad

gross national product at market prices minus depreciation and indirect taxes plus subsidies

gross national product at market prices minus net factor income from abroad

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Explanation:

3rd option is correct.

National Income (or NNP at Fc)- The value of all the goods and services produced in a year by the nationals of the country, after deducting the depreciation, at factor prices.
Factor Cost: The cost incurred on the factors of production of a commodity.