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Question : Complete the following.

GNP_FC = GNP_MP- ?
Option 1: NFIA
Option 2: NIT
Option 3: Subsidies
Option 4: Indirect taxes

Team Careers360 16th Jan, 2024

Answer (1)

Team Careers360 23rd Jan, 2024

Correct Answer: NIT

Solution :

GNP _FC = GNP _MP - NIT

The difference between factor cost and market price is net indirect taxes.

Hence, Option B is correct.

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