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What will be the real expression for the measurement of National Income?
  • a)
    NNP at market price - Indirect Taxes + Subsidies
  • b)
    NNP at factor cost – Indirect taxes – Subsidies
  • c)
    NNP at market prices – direct taxes + Subsidies
  • d)
    NNP at factor cost – direct taxes – Subsidies
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What will be the real expression for the measurement of National Incom...
National Income is calculated by subtracting net indirect taxes from NNP at market prices. The obtained value is known as NNP at factor cost or national income.
NNP at factor cost or National Income= NNP at market price – (Indirect Taxes- Subsidy) =NNP at Market Prices - Indirect Tax + Subsidy.
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What will be the real expression for the measurement of National Incom...
I think the correct option is (A)
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What will be the real expression for the measurement of National Income?a)NNP at market price - Indirect Taxes + Subsidiesb)NNP at factor cost – Indirect taxes – Subsidiesc)NNP at market prices – direct taxes + Subsidiesd)NNP at factor cost – direct taxes – SubsidiesCorrect answer is option 'A'. Can you explain this answer?
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