Which of the following statement is incorrect? Gross Domestic Product (GDP) at Market Price = GDP at factor cost plus Net Indirect Taxes

474 viewsDecember 7, 2023MCQs (National Income)

Anurag Pathak27.10K December 7, 2023 0 Comments

Which of the following statement is incorrect?

(a) Gross Domestic Product (GDP) at Market Price = GDP at factor cost plus Net Indirect Taxes

(b) Net National Product (NNP) at Market Price = NNP at Factor Cost

(d) Net National Product (NNP) at Factor Cost = National Income

Anurag Pathak Changed status to publish December 7, 2023

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Anurag Pathak27.10K Posted December 7, 2023 0 Comments

Ans – (b)

Explanation:-

Net National Product (NNP) at Market Price = NNP at Factor cost + Net indirect taxes

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Which of the following statement is incorrect? Gross Domestic Product (GDP) at Market Price = GDP at factor cost plus Net Indirect Taxes

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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