Categories: Economics WAEC

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

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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