Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
820 views
in Economics by (46.2k points)
closed by

How is Net National Product at factor cost obtained from Net National Product at market price?

1 Answer

+1 vote
by (49.5k points)
selected by
 
Best answer

Net national product at factor cost can be obtained from Net National Product at market price in the following manner.

Net National Product at Factor Cost = Net National Product at Market Price – Indirect Taxes + Subsidies.

Or

Net National Product at Factor Cost = Net National Product at Market Price – Net Indirect Taxes

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...