Which of the following statement is correct about net national product at factor cost NNPfc and net ...........

Economic Affairs Others

Which of the following statement is correct about net national product at factor cost (NNPfc) and net national product at market price (NNPmp)?

NNPfc is the sum total of NNPmp, subsidies and indirect taxes

NNPmp is the total of NNPfc and indirect taxes with the addition of subsidies

NNPfc is equal to NNPmp added with subsidies and indirect taxes subtracted from it.

NNPfc is the sum total of NNPmp and indirect taxes with the subtraction ofsubsidies.

NNPfc is equal to NNPmp added with subsidies and indirect taxes subtracted from it.

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