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National Product at Factor Cost is Equal to?

arunshourie1989

June 2017 in Economics, Development & Welfare

National Product at Factor Cost is Equal to?

1. Domestic Product + Net factor income from abroad
2. National Product at market prices - indirect taxes + subsidies
3. Gross domestic product - depreciation
4. National product at market prices + indirect taxes + subsidies

CDS 2014, question.

I know Net National Product = GNP - Depreciation but no such option is there. Anyone, here?

Should the answer be "B"
as anything at factor cost will be minus indirect taxes and plus subsidies by simple logic?

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