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In the estimation of national income, which of the following items will be subtracted from NNP at market price?
Question

In the estimation of national income, which of the following items will be subtracted from NNP at market price?

A.

Depreciation

B.

Net product taxes and net production taxes

C.

Net indirect taxes

D.

Depreciation and net product taxes

Correct option is C

In the estimation of national income, when converting from Net National Product (NNP) at market price to NNP at factor cost, the item that will be subtracted from NNP at market price is (c) Net indirect taxes.

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