Consider the following 1 National Income at factor cost factors in the effect of dire...........

Economic Affairs Growth and Indicators

Consider the following:

1. National Income at factor cost factors in the effect of direct taxes and subsidies

2. National income at market prices factors in Indirect taxes.

Choose the correct answer from the codes below

1 only

2 only

1 and 2

none of these

National Income of the country also known as NNP at FC = GDP + NFIA – Depreciation – (Indirect taxes - Subsidy)

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