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Multiple Choice Questions

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

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    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

    Incorrect Answer

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

    Incorrect Answer

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

    Correct Answer

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

    Incorrect Answer
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    Explanation:

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

    By: Kamal Kashyap
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