If net national product is given at Market Prices, we ____ indirect taxes and _____ subsidies to get National Income of the economy
If net national product is given at Market Prices, we ____ indirect taxes and _____ subsidies to get National Income of the economy.
(a) Add, Subtract
(b) Add, Divide
(c) Subtract, Add
(d) Subtract, Divide
Anurag Pathak Changed status to publish December 7, 2023
Ans – (c)
Explanation:-
National Income (NDP at FC) = Net National Product at Market Price – Net indirect taxes (indirect taxes – subsidies)
National Income (NDP at FC) = Net National Product at Market Price – indirect taxes + subsidies
Anurag Pathak Changed status to publish December 7, 2023
