National Income at Factor Cost is less than National Income at Market Prices to the extent that ........

Indian Economic System(CSC) Growth and development

National Income at Factor Cost is less than National Income at Market Prices to the extent that:

it include indirect taxes and excludes subsidies

includes subsidies and excludes direct taxes

includes direct taxes and excludes subsidies

excludes indirect taxes but includes subsidies

4th option is correct.

National Income at Factor Cost is less than National Income at Market Prices to the extent that it excludes indirect taxes but includes subsidies.

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