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GNP at MP less_____________ gives us GDP at MP.
Question

GNP at MP less_____________ gives us GDP at MP.

A.

depreciation

B.

indirect taxes

C.

net factor income from abroad

D.

subsidies

Correct option is C

GNP (Gross National Product) at Market Price (MP) less net factor income from abroad gives us GDP (Gross Domestic Product) at Market Price. This adjustment removes the income earned by foreigners in the domestic market and adds the income earned by nationals in foreign markets to focus only on the income generated within a country's borders. Therefore, the correct answer is: (c) net factor income from abroad

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