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National product at factor cost is equal...

National product at factor cost is equal to

A

1. Domestic product + Net factor income from abroad

B

2. National product at market prices - indirect taxes + subsidies

C

3. Gross domestic product - depreciation

D

4. National product at market prices + Indirect taxes + subsidies

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Knowledge Check

  • GDP at factor cost is :

    A
    A) GDP minus indirect taxes plus subsidies
    B
    B) GNP minus depreciation allowances
    C
    C) NNP plus depreciation allowances
    D
    D) GDP minus subsidies plus indirect taxes

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