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Net national product at factor cost is computed by 1.Gross National product at factor cost -depriciation-indirect taxes +subsidies 2.Gross national product at factor cost +depriciation- indirect taxes +subsidies 3.Gross national product at factor cost -depriciation +indirect taxes +subsidies 4.Gross national product at factor cost -depriciation -indirect taxes -subsidies |
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Answer» Formula: NDP(at FC) = Gross NATIONAL product at market price- Depreciation - NET Factor INCOME from abroad - INDIRECT tax +Subsidies = 58350 - 1625 + 240 -2590 +1540 = 55915. |
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