Question : The difference between indirect taxes and subsidies is _________________.
Option 1: Net direct taxes
Option 2: Factor market
Option 3: Market price
Option 4: None of the above.
Correct Answer: None of the above.
Solution :
Question : What is the basic difference in the aggregates at market price and factor cost?
Option 1: Depreciation
Option 2: Indirect taxes
Option 3: Net indirect taxes
Option 4: Direct taxes
Question : Factor cost + ________________________ = Market price.
Option 1: Indirect taxes
Option 2: Net Indirect taxes
Option 3: Domestic income
Option 4: National income
Question : NNP at FC= GNP at MP - Depreciation - ___________________.
Option 1: Net factor income from abroad
Option 2: Net indirect taxes
Option 3: Indirect taxes
Option 4: Subsidies
Question : _______________ are the economic assistance given by the government to the firms.
Option 1: Subsidies
Option 3: Factor cost
Option 4: Market price
Question : In the estimation of national income, which of the following items will be subtracted from Net national product (NNP) at market price?
Option 2: Net product taxes and net production taxes
Option 4: Depreciation and net product taxes
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile