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How Is NNP At Factor Cost Derived From GNP At Market Prices? - Erudites Academy

How is NNP at factor cost derived from GNP at market prices?

by | Mar 28 | Economics WAEC | 0 comments

A. GNP – Depreciation + Indirect taxes + Subsidies
B. GNP Depreciation – Indirect taxes + Subsidies
C. GNP + Depreciation Indirect taxes – Subsidies
D. GNP+ Depreciation- Indirect taxes + Subsidies

Correct Answer:

Option D = GNP+ Depreciation- Indirect taxes + Subsidies

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